What does Preamble of Financial Access Protection Act do?

This bill aims to prohibit covered financial institutions from collecting consumer citizenship and immigration status information The bill also prohibits maintaining and disclosing such information The bill has other purposes beyond the specified prohibition

What does SHORT TITLE. of Financial Access Protection Act do?

This bill is formally titled Financial Access Protection Act

What does PROHIBITION ON COLLECTION OF CITIZENSHIP OR IMMIGRATION STATUS of Financial Access Protection Act do?

This section prohibits covered financial institutions from requiring consumers to disclose their citizenship or immigration status to open, maintain, or access accounts. Covered financial institutions are also prohibited from requesting, collecting, recording, retaining, or otherwise obtaining information related to a consumer's citizenship or immigration status. Financial institutions cannot transmit, report, disclose, or make available information about a consumer's citizenship or immigration status to any federal agency or governmental entity. Federal banking agencies are prohibited from requiring or encouraging covered financial institutions to collect citizenship or immigration status information. Supervisory ratings, enforcement decisions, approvals, or other regulatory determinations cannot be conditioned on the collection or reporting of citizenship or immigration status information. The term 'appropriate Federal banking agency' is defined by reference to section 3 of the Federal Deposit Insurance Act. The term 'covered financial institution' includes insured depository institutions, insured credit unions, consumer reporting agencies, national banks, State member banks, State nonmember banks, bank holding companies, and their subsidiaries or affiliates subject to federal banking agency examination. This section does not alter or limit obligations under the Bank Secrecy Act. Covered financial institutions can still comply with reporting requirements related to financial crimes, money laundering, terrorist financing, and sanctions.

Back to bills

Financial Access Protection Act

Last updated: 4/30/2026 · Introduced: 4/30/2026

Author: Ritchie Torres (D-NY)

TL;DR (AI)

The Financial Access Protection Act prohibits covered financial institutions from requesting or collecting information about a consumer's citizenship or immigration status for account access.
This bill prevents financial institutions from disclosing citizenship or immigration status information to federal agencies or governmental entities, except when complying with financial crime reporting requirements.
Federal banking agencies are barred from requiring or encouraging financial institutions to collect citizenship or immigration status information, and cannot condition regulatory actions on such data collection.

119th Congressin committeeS. 4450(In Committee)Official page

Verified Votes

No verified votes yet.

Community Votes

No community votes yet. Be the first!

Voting as guest · Sign in for verified votes

Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

Click "Show details" to explore individual sections. Use the community vote above or visit All Sections to vote per section.

Read official text

Want the full experience?

Create a free account to cast verified votes on each section, get a personalized summary, and track your voting history.

Create Free Account