Secretary of the Treasury Scott Bessent speaks during a House Financial Services Committee hearing on Capitol Hill on Feb. 4, 2026. AP Photo/Nathan Howard
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.
We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.