American Action Forum Issues Commentary: Citizenship Verification for Banking - The Administrative Costs
March 05, 2026
March 05, 2026
WASHINGTON, March 5 -- The American Action Forum issued the following commentary on March 4, 2026, by Director of Regulatory Policy Dan Goldbeck:
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Citizenship Verification for Banking: The Administrative Costs
EXECUTIVE SUMMARY
* The Trump Administration is considering requiring banks to verify the citizenship status of new - and existing - account holders, which would be very costly for both banks and their customers.
* This . . .
* * *
Citizenship Verification for Banking: The Administrative Costs
EXECUTIVE SUMMARY
* The Trump Administration is considering requiring banks to verify the citizenship status of new - and existing - account holders, which would be very costly for both banks and their customers.
* This . . .