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Alien Banking Act
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.
Read the Full Bill
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
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
0Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7842
Primary Policy Focus
ImmigrationAlternate 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.
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.
Comments
Zariah Kuhn
849
3 months ago
This bill is so dumb, it's gonna make things harder for people like me. It's not fair to put this kind of burden on us. #ridiculous
Sponsors and Cosponsors of HR 7842
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