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.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7842 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 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. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 5, 2026 Mr. Ogles (for himself, Mr. Crane, and Mr. Higgins of Louisiana) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Alien Banking Act''. SEC. 2. REQUIREMENT FOR IMMIGRATION STATUS VERIFICATION IN CUSTOMER IDENTIFICATION PROGRAMS. (a) In General.--Section 5318(l) of title 31, United States Code, is amended-- (1) in paragraph (2)-- (A) in subparagraph (B), by striking ``and'' at the end; (B) in subparagraph (C), by striking the period at the end and inserting ``; and''; and (C) by adding at the end the following: ``(D) requiring any individual who is present in the United States and seeking to open an account to attest, under penalty of perjury, to the individual's lawful presence in the United States, including by checking a box or similar affirmation on the deposit account application form indicating whether the individual is a United States citizen, a lawful perm