Trump backs down from requiring banks to collect citizenship information, Semafor reports

U.S. ​President ​Donald ‌Trump will sign a ​pair of executive ‌orders on Tuesday, among which is a step back from ‌a previous proposal ‌requiring banks to collect citizenship information from customers, Semafor ⁠reported, ​citing a ⁠White House official.

The final version ⁠of one of the ​executive orders will instead direct Treasury ⁠Secretary Scott Bessent to ⁠advise financial ​institutions on ways undocumented immigrants might open ⁠accounts or receive loans, ⁠the ⁠Semafor report said.