Alien Banking Act

This bill would require people in the United States who apply to open a bank deposit account to state, under penalty of perjury, whether they are a U.S. citizen, a lawful permanent resident, or otherwise lawfully present. Banks could not open or keep an account for anyone who does not provide this statement. A person who knowingly makes a false statement could face a civil penalty of $10,000 to $50,000, up to 5 years in prison, a fine of up to $250,000, and loss of all money and property in or traceable to the account. Banks that suspect a false statement would have to report it to the Department of Homeland Security and the Attorney General, and the rules would take effect one year after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Andrew Ogles Republican sponsor
• 2 cosponsors