Financial Access Protection Act

This bill would bar banks, credit unions, consumer reporting agencies, and related companies from requiring customers to state their citizenship or immigration status to open, keep, or use an account. These institutions also could not collect or keep that information, or share it with any government agency. Federal banking regulators could not require or encourage institutions to collect this information or tie supervisory ratings or approvals to it. Federal banking agencies would enforce the rules, and the bill states it does not change duties under the Bank Secrecy Act or other financial crime reporting laws.

Full text and official record on Congress.gov

Sponsors

• Ritchie Torres Democrat sponsor
• 0 cosponsors