H.R. 8643

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8643 Introduced in House (IH)]

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119th CONGRESS
2d Session
H. R. 8643

To prohibit covered financial institutions from collecting, 
maintaining, and disclosing information relating to the citizenship 
status and immigration status of consumers, and for other purposes.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

April 30, 2026

Mr. Torres of New York introduced the following bill; which was 
referred to the Committee on Financial Services

_______________________________________________________________________

A BILL

To prohibit covered financial institutions from collecting, 
maintaining, and disclosing information relating to the citizenship 
status and immigration status of consumers, and for other purposes.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Financial Access Protection Act''.

SEC. 2. PROHIBITION ON COLLECTION OF CITIZENSHIP OR IMMIGRATION STATUS 
INFORMATION.

(a) In General.--Notwithstanding any other provision of law, a 
covered financial institution may not--
(1) require a consumer or prospective consumer to disclose 
their citizenship status or immigration status as a condition 
of opening, maintaining, or accessing an account or financial 
service offered by such covered financial institution;
(2) request, collect, record, retain, maintain, or 
otherwise obtain information relating to the citizenship status 
or immigration status of a consumer; or
(3) transmit, report, disclose, or otherwise make available 
information relating to the citizenship status or immigration 
status of a consumer available to any Federal agency or other 
governmental entity.
(b) Prohibition on Regulatory Action.--No appropriate Federal 
banking agency may, by regulation, rule, order, guidance, supervisory 
expectation, examination procedure, informal request, or otherwise--
(1) require or encourage a covered financial institution to 
collect or maintain information regarding the citizenship 
status or immigration status of a consumer; or
(2) condition supervisory ratings, enforcement decisions, 
approvals, or other regulatory determinations on the collection 
or reporting of information about the citizenship status or 
immigration status of a consumer.
(c) Enforcement.--Each appropriate Federal banking agency shall 
enforce this section with respect to covered financial institutions.
(d) Covered Financial Institution Defined.--In this section:
(1) Appropriate federal banking agency.--The term 
``appropriate Federal banking agency'' has the meaning given 
the term in section 3 of the Federal Deposit Insurance Act.
(2) Covered financial institution.--The term ``covered 
financial institution'' means--
(A) an insured depository institution (as such term 
is defined in section 3 of the Federal Deposit 
Insurance Act);
(B) an insured credit union (as defined in section 
101 of the Federal Credit Union Act) or any credit 
union regulated by the National Credit Union 
Administration;
(C) a consumer reporting agency (as such term is 
defined in section 603 of the Fair Credit Reporting 
Act);
(D) a national bank or Federal savings association 
supervised by the Office of the Comptroller of the 
Currency;
(E) a State member bank supervised by the Board of 
Governors of the Federal Reserve System;
(F) a State nonmember bank supervised by the 
Federal Deposit Insurance Corporation;
(G) a bank holding company or savings and loan 
holding company supervised by the Board of Governors of 
the Federal Reserve System; and
(H) a subsidiary or affiliate thereof that is 
subject to examination or supervision by a Federal 
banking agency.
(e) Rule of Construction.--Nothing in this section may be construed 
to--
(1) alter or limit the any obligations a covered financial 
institution has under the Bank Secrecy Act (as such term is 
defined in section 6003 of the Anti-Money Laundering Act of 
2020); or
(2) prevent covered financial institutions from complying 
with Federal, State, or local reporting requirements relating 
to the prevention of financial crimes including money 
laundering, terrorist financing, and compliance with sanctions.
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