Federal RuleAug 21
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DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
119-hr-7842119th CongressWALLET
Alien Banking Act
Sponsored By: Representative Ogles, Andrew [R-TN-5]
Introduced
Summary
Attestation of lawful presence. The Alien Banking Act would require anyone seeking to open a U.S. deposit account to affirm under penalty of perjury that they are a U.S. citizen, a lawful permanent resident, or otherwise lawfully present as defined by the Department of Homeland Security in consultation with the Treasury. Banks would be barred from opening or maintaining accounts for people who fail to provide that attestation, and the bill creates civil, criminal, and forfeiture penalties for false claims.
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- Individuals seeking bank accounts: They would have to mark a checkbox or provide a similar written affirmation on account applications and face civil and criminal penalties if a false attestation is made.
- Financial institutions: Banks could not open or keep accounts for applicants who do not attest and must report suspected false attestations to the Department of Homeland Security and the Attorney General.
- Federal agencies and enforcement: The Treasury would be directed to issue implementing regulations and model attestation language within 180 days after enactment in consultation with DHS and the Attorney General, and the new rules would take effect one year after enactment.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
New bank attestation for noncitizens
If enacted, any person present in the United States who tries to open a deposit account would have to attest, under penalty of perjury, that they are a U.S. citizen, a lawful permanent resident, or otherwise lawfully present as defined by DHS. Banks could not open or keep an account for someone who fails to provide that attestation. Knowingly lying on the attestation would carry civil fines of $10,000 to $50,000. It would also allow criminal penalties including up to 5 years in prison and fines up to $250,000, and courts could order forfeiture of funds in the account. Banks that reasonably believe someone lied would have to report that belief to the Department of Homeland Security and the Attorney General. The Treasury would have to issue implementing rules and model attestation language within 180 days. These requirements would begin one year after enactment.
Sponsors & CoSponsors
Sponsor
Ogles, Andrew [R-TN-5]
TN • R
Cosponsors
Rep. Crane, Elijah [R-AZ-2]
AZ • R
Sponsored 3/5/2026
Rep. Higgins, Clay [R-LA-3]
LA • R
Sponsored 3/5/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov