This Act may be cited as the Financial Access Protection Act.

In this Act: (1) Appropriate Federal banking agency; insured depository institution The terms appropriate Federal banking agency and insured depository institution have the meanings given the terms in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813U.S. Code — Title 12, Section 1813View official source on GovInfo). (2) Bank Secrecy Act The term Bank Secrecy Act has the meaning given the term in section 6003 of the Anti-Money Laundering Act of 2020 (31 U.S.C. 5311U.S. Code — Title 31, Section 5311View official source on GovInfo note). (3) Consumer reporting agency The term consumer reporting agency has the meaning given the term in section 603 of the Fair Credit Reporting Act (15 U.S.C. 1681aU.S. Code — Title 15, Section 1681aView official source on GovInfo). (4) Covered financial institution The term covered financial institution means— (A) an insured depository institution; (B) an insured credit union or any credit union regulated by the National Credit Union Administration; (C) a consumer reporting agency; (D) a national bank or Federal savings association supervised by the Office of the Comptroller of the Currency; (E) a State member bank supervised by the Board of Governors of the Federal Reserve System; (F) a State nonmember bank supervised by the Federal Deposit Insurance Corporation; (G) a bank holding company or savings and loan holding company supervised by the Board of Governors of the Federal Reserve System; and (H) a subsidiary or affiliate thereof that is subject to examination or supervision by a Federal banking agency. (5) Insured credit union The term insured credit union has the meaning given the term in section 101 of the Federal Credit Union Act (12 U.S.C. 1752U.S. Code — Title 12, Section 1752View official source on GovInfo).

(a) In general Notwithstanding any other provision of law, a covered financial institution may not— (1) require a consumer or prospective consumer to disclose their citizenship status or immigration status as a condition of opening, maintaining, or accessing an account or financial service offered by such covered financial institution; (2) request, collect, record, retain, maintain, or otherwise obtain information relating to the citizenship status or immigration status of a consumer; or (3) transmit, report, disclose, or otherwise make available information relating to the citizenship status or immigration status of a consumer available to any Federal agency or other governmental entity. (b) Prohibition on regulatory action No appropriate Federal banking agency may, by regulation, rule, order, guidance, supervisory expectation, examination procedure, informal request, or otherwise— (1) require or encourage a covered financial institution to collect or maintain information regarding the citizenship status or immigration status of a consumer; or (2) condition supervisory ratings, enforcement decisions, approvals, or other regulatory determinations on the collection or reporting of information about the citizenship status or immigration status of a consumer. (c) Enforcement Each appropriate Federal banking agency shall enforce this section with respect to covered financial institutions. (d) Rule of construction Nothing in this section may be construed to— (1) alter or limit the any obligations a covered financial institution has under the Bank Secrecy Act; or (2) prevent covered financial institutions from complying with Federal, State, or local reporting requirements relating to the prevention of financial crimes including money laundering, terrorist financing, compliance with sanctions.