Angela Alsobrooks (D-MD)
Financial Access Protection Act
A Democratic bill with no cosponsors
Last activity — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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 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
- Scored +8
Would immigrants be better off under this?
The bill prevents the disclosure of immigration status to government entities and ensures financial access without such disclosure.
- Scored +8
Does this protect people from being watched or searched?
The bill prohibits financial institutions from collecting and maintaining private citizenship or immigration status information.
- Scored +7
Does this give people more protection from unfair business practices?
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. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would immigrants be better off under this? — The bill prevents the disclosure of immigration status to government entities and ensures financial access without such disclosure. Would Hispanic Americans be better off under this? — The bill protects Hispanic consumers from the collection and sharing of immigration status information by financial institutions. Would households on low incomes be better off under this? — The bill helps ensure that low-income immigrants can maintain bank accounts without disclosing immigration status.
- Governance And Ideology
- Does this protect people from being watched or searched? — The bill prohibits financial institutions from collecting and maintaining private citizenship or immigration status information.
- Economy And Finance
- Does this give people more protection from unfair business practices? — The bill protects consumers from being forced to disclose sensitive immigration status to access financial services.
- Social Issues And Justice
- Does this make it easier for immigrants already here to become citizens? — The bill reduces the collection and sharing of immigration status data, which may reduce barriers to financial stability for immigrants.
- 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.