Alien Banking Act

Hozzl · 2026-04-01T16:34:30Z

Explore the details of House Bill 7842 Alien Banking Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Immigration. Stay informed on legislative developments.

4/1/2026, 4:34 PM

Summary of Bill HR 7842

The bill titled "To amend section 5318 of title 31, United States Code" introduced in the 119th Congress as H.R. 7842 on March 5, 2026, aims to require financial institutions to verify the lawful immigration status of applicants for deposit accounts using a self-attestation form. It includes provisions for penalizing individuals providing false attestations and outlines additional purposes not specified in the context.

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Current Status of Bill HR 7842

Bill HR 7842 is currently in the status of Bill Introduced since March 5, 2026. Bill HR 7842 was introduced during Congress 119 and was introduced to the House on March 5, 2026. Bill HR 7842's most recent activity was Referred to the House Committee on Financial Services. as of March 5, 2026

Bipartisan Support of Bill HR 7842

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 7842

Primary Policy Focus

Immigration

Alternate Title(s) of Bill HR 7842

To amend section 5318 of title 31, United States Code, to require financial institutions to verify the lawful immigration status of applicants for deposit accounts through a self-attestation form, to impose penalties on individuals for false attestations, and for other purposes.