In CommitteeFiled Mar 5, 2026
Sponsor: Rep. Ogles, Andrew [R-TN-5] (R)
Latest Action
Referred to the House Committee on Financial Services.
Mar 5, 2026
Summary
The Alien Banking Act would require banks and other financial institutions to ask anyone opening a deposit account to sign a statement confirming they are lawfully present in the United States. If a person knowingly lies on the statement, they could be hit with civil fines, criminal charges, and forfeiture of any account assets. The bill also bars banks from opening or keeping accounts for people who cannot provide the required attestation.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Track this bill
Get real-time alerts when HR 7842 changes status, plus AI-powered summaries and stage predictions.
Sign up free