diff --git a/changelogs/fragments/72170-action-loader-collection-list.yml b/changelogs/fragments/72170-action-loader-collection-list.yml
new file mode 100644
index 00000000000..db1edff4d59
--- /dev/null
+++ b/changelogs/fragments/72170-action-loader-collection-list.yml
@@ -0,0 +1,3 @@
+bugfixes:
+- Collections - Ensure ``action_loader.get`` is called with ``collection_list`` to properly find collections
+  when ``collections:`` search is specified (https://github.com/ansible/ansible/issues/72170)
diff --git a/lib/ansible/executor/task_executor.py b/lib/ansible/executor/task_executor.py
index c4bc7886ff6..0449b419023 100644
--- a/lib/ansible/executor/task_executor.py
+++ b/lib/ansible/executor/task_executor.py
@@ -828,7 +828,7 @@ class TaskExecutor:
         # we need the 'normal' action handler for the status check, so get it
         # now via the action_loader
         async_handler = self._shared_loader_obj.action_loader.get(
-            'async_status',
+            'ansible.legacy.async_status',
             task=async_task,
             connection=self._connection,
             play_context=self._play_context,
diff --git a/lib/ansible/plugins/strategy/__init__.py b/lib/ansible/plugins/strategy/__init__.py
index 51fe18cb9f8..95a1d600c05 100644
--- a/lib/ansible/plugins/strategy/__init__.py
+++ b/lib/ansible/plugins/strategy/__init__.py
@@ -1021,7 +1021,7 @@ class StrategyBase:
 
         bypass_host_loop = False
         try:
-            action = plugin_loader.action_loader.get(handler.action, class_only=True)
+            action = plugin_loader.action_loader.get(handler.action, class_only=True, collection_list=handler.collections)
             if getattr(action, 'BYPASS_HOST_LOOP', False):
                 bypass_host_loop = True
         except KeyError:
diff --git a/lib/ansible/plugins/strategy/free.py b/lib/ansible/plugins/strategy/free.py
index 7ed21183cf6..ad918478848 100644
--- a/lib/ansible/plugins/strategy/free.py
+++ b/lib/ansible/plugins/strategy/free.py
@@ -156,7 +156,7 @@ class StrategyModule(StrategyBase):
                         (state, task) = iterator.get_next_task_for_host(host)
 
                         try:
-                            action = action_loader.get(task.action, class_only=True)
+                            action = action_loader.get(task.action, class_only=True, collection_list=task.collections)
                         except KeyError:
                             # we don't care here, because the action may simply not have a
                             # corresponding action plugin
diff --git a/lib/ansible/plugins/strategy/linear.py b/lib/ansible/plugins/strategy/linear.py
index 5a7b9797149..0abd000ccc6 100644
--- a/lib/ansible/plugins/strategy/linear.py
+++ b/lib/ansible/plugins/strategy/linear.py
@@ -263,7 +263,7 @@ class StrategyModule(StrategyBase):
                     task.action = templar.template(task.action)
 
                     try:
-                        action = action_loader.get(task.action, class_only=True)
+                        action = action_loader.get(task.action, class_only=True, collection_list=task.collections)
                     except KeyError:
                         # we don't care here, because the action may simply not have a
                         # corresponding action plugin
diff --git a/test/integration/targets/collections/collection_root_user/ansible_collections/testns/testcoll/plugins/action/bypass_host_loop.py b/test/integration/targets/collections/collection_root_user/ansible_collections/testns/testcoll/plugins/action/bypass_host_loop.py
new file mode 100644
index 00000000000..b15493d9c78
--- /dev/null
+++ b/test/integration/targets/collections/collection_root_user/ansible_collections/testns/testcoll/plugins/action/bypass_host_loop.py
@@ -0,0 +1,17 @@
+# Copyright: (c) 2020, Ansible Project
+# GNU General Public License v3.0+ (see COPYING or https://www.gnu.org/licenses/gpl-3.0.txt)
+
+from __future__ import (absolute_import, division, print_function)
+__metaclass__ = type
+
+from ansible.plugins.action import ActionBase
+
+
+class ActionModule(ActionBase):
+
+    BYPASS_HOST_LOOP = True
+
+    def run(self, tmp=None, task_vars=None):
+        result = super(ActionModule, self).run(tmp, task_vars)
+        result['bypass_inventory_hostname'] = task_vars['inventory_hostname']
+        return result
diff --git a/test/integration/targets/collections/runme.sh b/test/integration/targets/collections/runme.sh
index d830bf48b9e..98f5b8c91af 100755
--- a/test/integration/targets/collections/runme.sh
+++ b/test/integration/targets/collections/runme.sh
@@ -68,6 +68,9 @@ if [[ ${INVENTORY_PATH} != *.winrm ]]; then
 	ansible-playbook -i "${INVENTORY_PATH}" -v invocation_tests.yml "$@"
 fi
 
+echo "--- validating bypass_host_loop with collection search"
+ansible-playbook -i host1,host2, -v test_bypass_host_loop.yml "$@"
+
 echo "--- validating inventory"
 # test collection inventories
 ansible-playbook inventory_test.yml -i a.statichost.yml -i redirected.statichost.yml "$@"
diff --git a/test/integration/targets/collections/test_bypass_host_loop.yml b/test/integration/targets/collections/test_bypass_host_loop.yml
new file mode 100644
index 00000000000..e95262b87be
--- /dev/null
+++ b/test/integration/targets/collections/test_bypass_host_loop.yml
@@ -0,0 +1,22 @@
+- name: Test collection lookup bypass host list
+  hosts: all
+  connection: local
+  gather_facts: false
+  collections:
+    - testns.testcoll
+  tasks:
+    - meta: end_host
+      when: lookup('pipe', ansible_playbook_python ~ ' -c "import jinja2; print(jinja2.__version__)"') is version('2.7', '<')
+
+    - bypass_host_loop:
+      register: bypass
+
+    - run_once: true
+      vars:
+        bypass_hosts: '{{ hostvars|dictsort|map(attribute="1.bypass.bypass_inventory_hostname")|select("defined")|unique }}'
+      block:
+        - debug:
+            var: bypass_hosts
+
+        - assert:
+            that: bypass_hosts|length == 1