Requires banks to obtain immigration-status attestations from account applicants and bars them from opening or maintaining accounts for those who fail to attest as lawfully present, so more immigration enforcement by private financial institutions acting as gatekeepers.
requiring any individual who is present in the United States and seeking to open an account to attest, under penalty of perjury, to the individual's lawful presence in the United States
Imposes civil and criminal penalties plus asset forfeiture on individuals who falsely attest to lawful presence when opening bank accounts, and requires financial institutions to report suspected false attestations to federal authorities, increasing immigration-related enforcement through banking.
Any individual who knowingly makes a false attestation described in paragraph (2)(D) is liable for a civil penalty of not less than $10,000 and not more than $50,000.
✓ Quote verified word for word in the bill text
Introduced (completed)
Committee
Passed one chamber
Passed both
President
Law
Stage: Committee · step 2 of 6
Last action
2026-03-05: Referred to the House Committee on Financial Services.
Why the model tagged it this way: The bill adds immigration-status verification via mandatory self-attestation to bank customer identification programs, prohibits financial institutions from serving unlawfully present individuals, mandates reporting of suspected false attestations to DHS and DOJ, and creates new civil/criminal penalties and forfeiture for false attestations. These provisions expand the scope of immigration enforcement by leveraging the banking system; no provisions address firearms, transgender issues, or abortion.
Related bills
S5485Americans First Immigration Act↑Expands immigration enforcement↑Expands immigration enforcement Committee