Ritchie Torres (D-NY)
Financial Access Protection Act
A Democratic bill with no cosponsors
Last activity — Referred to the House Committee on Financial Services.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- 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
- Scored +8
Would immigrants be better off under this?
The bill prevents financial institutions from requiring or sharing an individual's immigration or citizenship status.
- Scored +8
Does this protect people from being watched or searched?
The bill prohibits financial institutions from collecting, maintaining, and disclosing sensitive personal data regarding citizenship status.
- Scored +7
Does this give people more protection from unfair business practices?
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. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would immigrants be better off under this? — The bill prevents financial institutions from requiring or sharing an individual's immigration or citizenship status. Would Hispanic Americans be better off under this? — The bill prevents the collection and transmission of immigration status, which frequently affects Hispanic communities. Would households on low incomes be better off under this? — The bill helps low-income individuals secure financial accounts without the risk of status-based data collection.
- Governance And Ideology
- Does this protect people from being watched or searched? — The bill prohibits financial institutions from collecting, maintaining, and disclosing sensitive personal data regarding citizenship status.
- Economy And Finance
- Does this give people more protection from unfair business practices? — The bill protects consumers from having their sensitive citizenship or immigration status requested or shared by financial institutions.
- Social Issues And Justice
- Does this make it easier for immigrants already here to become citizens? — By preventing the collection and sharing of immigration status, the bill reduces barriers that could indirectly impact immigrant populations. Is this likely to lift people out of poverty? — The bill ensures that financial services are more accessible to individuals regardless of their citizenship status.
- 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.