Alien Banking Act

This bill, titled the Alien Banking Act, requires individuals opening bank accounts in the United States to attest, under penalty of perjury, to their lawful immigration status. Financial institutions would be prohibited from opening or maintaining accounts for individuals who do not provide this attestation or are determined to be unlawfully present. The bill establishes significant civil and criminal penalties, including fines, imprisonment, and asset forfeiture, for individuals who knowingly make a false attestation regarding their immigration status. It also mandates that financial institutions report any suspected false attestations to federal authorities.