Bill · H.R. 8643· House(119-HR-8643)
Financial Access Protection Act
- Introduced
- 4/30/2026
- Last activity
- 4/30/2026 — Referred to the House Committee on Financial Services.
- Sponsored by
- Ritchie Torres
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The Financial Access Protection Act aims to stop covered financial institutions from handling information regarding a consumer's citizenship or immigration status. Under this bill, these institutions would be prohibited from requiring such information to open or maintain accounts. They would also be barred from requesting, collecting, or keeping this data. Furthermore, the bill prevents these institutions from sharing such information with Federal agencies or other government entities. It also prohibits Federal banking agencies from requiring or encouraging the collection of this information.
Yes· 3 of 7
Would immigrants be better off under this?+8
The bill prevents financial institutions from requiring or sharing an individual's immigration or citizenship status.
Does this protect people from being watched or searched?+8
The bill prohibits financial institutions from collecting, maintaining, and disclosing sensitive personal data regarding citizenship status.
Does this give people more protection from unfair business practices?+7
The bill protects consumers from having their sensitive citizenship or immigration status requested or shared by financial institutions.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Protection of Consumer Privacy and Access: Under Section 2(a)(1), a covered financial institution cannot require a consumer or prospective consumer to disclose their citizenship or immigration status as a condition of opening, maintaining, or accessing a financial account or service. This would prevent status from being a barrier to accessing financial services.
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Prevention of Data Collection and Retention: Section 2(a)(2) prohibits institutions from requesting, collecting, recording, retaining, or maintaining information related to a consumer's citizenship or immigration status. This limits the amount of sensitive personal information held by these institutions.
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Restriction on Information Sharing: Per Section 2(a)(3), institutions are prohibited from transmitting, reporting, or disclosing citizenship or immigration status information to any Federal agency or other governmental entity.
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Shielding from Regulatory Pressure: Section 2(b) ensures that Federal banking agencies cannot use regulations, rules, or supervisory expectations to require or encourage banks to collect or maintain this specific information.
Potential Negative Impacts for People
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No Change to Financial Crime Prevention Obligations: According to Section 2(e)(1), this Act does not alter or limit any obligations a covered financial institution has under the Bank Secrecy Act.
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No Change to Law Enforcement Reporting: Section 2(e)(2) states that this bill does not prevent financial institutions from complying with Federal, State, or local reporting requirements related to preventing financial crimes, such as money laundering, terrorist financing, and compliance with sanctions.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Immigrants+8Good For Hispanic Americans+6Good For Low Income Households+4
- Governance And Ideology
- Improves Privacy Rights+8
- Economy And Finance
- Improves Consumer Protection+7
- Social Issues And Justice
- Improves Pathway To Citizenship+3Improves Poverty Reduction+3
- 4/30/2026
- Referred to the House Committee on Financial Services.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.