hold on there's just too much going on in Congress lmao...
Prohibits banks and credit unions from collecting or sharing immigration/citizenship status.
Senator Angela Alsobrooks (Democrat, Maryland).
Introduced in Senate, referred to committee.
Senator Angela Alsobrooks (D-MD) introduced S. 4450, the Financial Access Protection Act. It aims to prevent various financial institutions from requesting, collecting, or sharing information about a customer's immigration or citizenship status. It has been referred to a committee but hasn't been voted on yet.
Introduced Apr 30, 2026
The bill was introduced in the Senate on April 30, 2026, and referred to the Committee on Banking, Housing, and Urban Affairs for review. For it to become law, it must pass through this committee, then be voted on and approved by the full Senate, and then pass the House of Representatives before being sent to the President.
If this bill passes, when you open a bank account or use financial services, institutions would be prohibited from asking you about your citizenship or immigration status. They also wouldn't be allowed to collect or share this type of information with federal agencies or other government entities. Federal regulators would also be barred from encouraging or requiring banks to collect this data.
Supporters Say
This bill would protect consumer privacy and ensure equal access to financial services.
Critics Say
Some may argue that this could hinder general data collection or oversight.
Proponents believe this measure is vital for safeguarding the privacy of individuals and preventing discrimination, ensuring that everyone can participate in the financial system. Opponents, however, might raise concerns about potential impacts on regulatory oversight or the ability of institutions to gather comprehensive customer data, even though the bill specifically states it doesn't affect anti-money laundering laws.