finance
Treasury Secretary Confirms Executive Order on Banking Citizenship Verification in Process
The Treasury Secretary stated that an executive order requiring banks to collect citizenship information from customers is underway. The order responds to concerns about verifying identities in the banking system. It follows requests from lawmakers and aligns with broader immigration enforcement efforts.
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Request and Legal Basis In October 2025, a Republican senator included a letter sent to the Treasury Secretary urging a review of rules allowing individuals without legal status to access financial services. The U.S. banking system should be reserved for those who respect laws and sovereignty.
The senator inquired whether the administration could implement the order under the USA PATRIOT Act or the Bank Secrecy Act.
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