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Proposal Overview — The Trump administration is weighing an executive order (or other regulatory action) that would mandate U.S. banks to gather citizenship data from customers, potentially requiring proof like passports. 2. Scope and Retroactivity — It could apply to both new account openings and existing customers (retroactive), meaning current account holders might need to submit documentation to maintain access. 3. Purpose — This is framed as enlisting banks in the White House’s aggressive i
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