HR 7842 · 119th CongressIn Committeecongress.gov ↗

Alien Banking Act

What this bill does

AI plain-language summary

This bill would require banks and other financial institutions to check if people applying for deposit accounts are legally allowed to be in the United States by having them fill out a form stating their immigration status. The bill would also create penalties for people who lie on these forms. No official summary is available for this bill.

Introduced

March 5, 2026

Policy Area

Immigration

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