Evaluating Financial Impacts of Illegal Immigration Act

The Evaluating Financial Impacts of Illegal Immigration Act amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council to annually report on how illegal immigration affects financial stability and include specific steps to address these challenges. This change directly affects the Council’s annual reporting obligations under the existing law, adding illegal immigration as a required factor for analysis. The bill does not alter immigration policy, create new programs, or impose financial obligations - it only modifies the scope of the Council’s existing reporting requirements. The amendment ensures illegal immigration is formally assessed in financial stability reviews without changing immigration enforcement or funding mechanisms.