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Know Your American Customer Act

In committee: it can still change before the session ends.

US S 4206 · Senate Bill · 119th Congress

Draft a letter
Stage
In committee
Started in
Senate
Sponsor
1
Latest action
Mar 25, 2026

What it does

The Know Your American Customer Act would require banks and credit unions to verify the citizenship or legal status of individuals before opening or maintaining accounts, with penalties for non-compliance.

No official summary is available here. This one was written by AI from the bill’s text.

Read the full textRead it on the official site

Where it stands

  1. Introduced (Done)

    Mar 25, 2026

  2. Committee (Current step)

    In committee · Mar 25, 2026

  3. Floor (Not started)

  4. Law (Not started)

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

Where it goes next

While a bill can still move, the questions are about people and money.

Work with this bill

Know Your American Customer Act | 52