Financial Access Protection Act

This bill would bar banks, credit unions, credit reporting agencies, and related companies from requiring customers to state their citizenship or immigration status to open, keep, or use an account. These institutions could not collect or keep information about a customer's citizenship or immigration status, and could not 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. The bill states that it does not change institutions' duties under the Bank Secrecy Act or other laws on money laundering, terrorist financing, and sanctions.

Full text and official record on Congress.gov

Sponsors

• Angela D. Alsobrooks Democrat sponsor
• 0 cosponsors