H.R. 8643 — Financial Access Protection Act

This section prohibits covered financial institutions from requiring consumers or prospective consumers to disclose their citizenship or immigration status as a condition of opening, maintaining, or accessing an account or financial service; from requesting, collecting, recording, retaining, or obtaining such information; and from transmitting or disclosing such information to any Federal agency or other governmental entity. It further prohibits appropriate Federal banking agencies from requiring or encouraging covered financial institutions to collect or maintain citizenship or immigration status information through regulations, guidance, supervisory expectations, or other actions, and from conditioning supervisory ratings, enforcement decisions, or approvals on such collection or reporting. The section requires the agencies to enforce these prohibitions and defines covered financial institutions to include insured depository institutions, insured credit unions, consumer reporting agencies, national banks, Federal savings associations, State member and nonmember banks, bank and savings and loan holding companies, and their subsidiaries or affiliates subject to Federal supervision, while clarifying that the prohibitions do not alter obligations under the Bank Secrecy Act or other Federal, State, or local reporting requirements related to financial crimes.