Bessent says order requiring banks to collect citizenship information ‘in process’

President Trump Will Order Banks to Collect Citizenship Information

A Trump administration executive order requires banks to collect citizenship information from customers. It is in “process, U.S. Treasury Secretary Scott Bessent said Monday, as experts warn it could leave millions of Americans without access to a bank account. Would that be the millions of illegal aliens? There won’t be a policy attached to it at this point. In an interview at the Semafor World Economy’s inaugural Treasury Secretary Dinner at t…

Bessent: Bank Citizenship Rule in Works

Including a forthcoming executive order that would require banks to collect customers' citizenship information, the Trump administration is intensifying efforts to identify illegal aliens and crack down on fraud within migrant communities.

Bessent says an order on proof of citizenship for banking is ‘in process’

An executive order mandating banks to collect citizenship information on customers is being worked on, according to Treasury Secretary Scott Bessent. A report says that banks could be tasked with requiring people to submit passports under the policy.

Treasury Secretary Says Order on Citizenship Proof for Banking Is ‘in Process’

Treasury Secretary Scott Bessent on Monday confirmed that an executive order mandating banks to collect citizenship information on customers is underway. “It’s in process. And I don’t think it’s unreasonable, because, why don’t we have information on who’s in our banking system?” he told Semafor in an April 13 interview, responding to whether the Trump administration was working on the banking order. “I have a place in the UK; they want to know …

Trump executive order could debank millions of Americans: what to know

An order that would require banks to review citizenship information from customers is in "process," the U.S. Treasury Secretary has said.