Bill · S. 4450· Senate(119-S-4450)
Financial Access Protection Act
- Introduced
- 4/30/2026
- Last activity
- 4/30/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Angela Alsobrooks
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The Financial Access Protection Act seeks to stop covered financial institutions from handling information regarding a consumer's citizenship or immigration status. Under this bill, these institutions are prohibited from requiring consumers to disclose such status to open or maintain accounts or financial services. Furthermore, institutions cannot request, collect, record, or maintain this specific information. The bill also bans institutions from sharing this information with Federal agencies or other government entities. Additionally, regulatory agencies are prohibited from requiring or encouraging the collection of this data.
Yes· 3 of 6
Would immigrants be better off under this?+8
The bill prevents the disclosure of immigration status to government entities and ensures financial access without such disclosure.
Does this protect people from being watched or searched?+8
The bill prohibits financial institutions from collecting and maintaining private citizenship or immigration status information.
Does this give people more protection from unfair business practices?+7
The bill protects consumers from being forced to disclose sensitive immigration status to access financial services.
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 Financial Access: By prohibiting institutions from requiring citizenship or immigration status as a condition for opening or accessing accounts, the bill ensures consumers can access financial services without disclosing that information (Section 3(a)(1)).
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Privacy of Personal Information: The bill prevents covered financial institutions from requesting, collecting, recording, or maintaining information related to a consumer's citizenship or immigration status (Section 3(a)(2)).
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Limitation of Data Sharing: The bill stops financial institutions from transmitting or disclosing a consumer's citizenship or immigration status to Federal agencies or other government entities (Section 3(a)(3)).
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Prevention of Regulatory Pressure: Regulatory agencies are barred from using supervisory ratings or enforcement decisions to pressure banks into collecting or reporting information about a consumer's status (Section 3(b)(1) and (2)).
Potential Negative Impacts for People
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No changes to existing financial crime obligations: The bill explicitly states that it does not change or limit what a financial institution must do under the Bank Secrecy Act (Section 3(d)(1)).
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No changes to legal reporting requirements: The bill does not prevent institutions from complying with Federal, State, or local requirements intended to prevent money laundering, terrorist financing, or compliance with sanctions (Section 3(d)(2)).
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+5
- Governance And Ideology
- Improves Privacy Rights+8
- Economy And Finance
- Improves Consumer Protection+7
- Social Issues And Justice
- Improves Pathway To Citizenship+2
- 4/30/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced in Senate
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.