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

The Trump administration has prioritized cracking down on illegal immigration as well as entitlement fraud.
Treasury Secretary Says Order on Citizenship Proof for Banking Is ‘in Process’
Treasury Secretary Scott Bessent addresses journalists in Paris on March 16, 2026. Ludovic Marin / AFP via Getty Images
Jack Phillips
Jack Phillips
Breaking News Reporter
|Updated:
0:00

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.

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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