Don’t turn banks into border agents

Washington is floating a plan that would force banks to collect and verify customers’ citizenship information, with Treasury Secretary Scott Bessent saying the order is “in process.” The intention may sound good to some: Deal with illegal immigration and tighten enforcement. But good intentions don’t excuse bad policy design. This plan would make law-abiding Americans pay higher costs and surrender more sensitive data because the federal government won’t fix immigration enforcement where it belongs.

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Excerpt limited to ~120 words for fair-use compliance. The full article is at Washington Examiner.