US banks may soon collect citizenship data, Bessent says

U.S. banks may soon be tasked with collecting citizenship data, according to Treasury Secretary Scott Bessent.

The Trump administration is reportedly considering an executive order to require banks to collect the data.

“If Treasury and the banking regulators say it’s their job, it’s their job,” Bessent told CNBC’s Sara Eisen at the Invest in America Forum in Washington, D.C., on Wednesday.

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