---
title: "Trump backs down from idea of banks collecting citizenship information"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286980106.md"
description: "President Trump issued an executive order increasing scrutiny on non-citizens' banking activities, directing the Treasury to identify red flags related to tax evasion and illegal account ownership. The order is less extensive than a previous proposal requiring banks to collect citizenship data, which industry executives warned would be burdensome. Analysts view the changes positively, as they aim to maintain financial access while enhancing immigration controls."
datetime: "2026-05-20T00:21:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286980106.md)
  - [en](https://longbridge.com/en/news/286980106.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286980106.md)
---

# Trump backs down from idea of banks collecting citizenship information

By Nupur Anand and Tatiana Bautzer May 19 (Reuters) - Non-citizens in the U.S. will face greater scrutiny on their banking activities following an executive order by President Donald Trump on Tuesday, but the order was less extensive than a previous proposal floated by Treasury requiring banks to collect clients' citizenship information. The order directs the Treasury secretary to issue an

### Related Stocks

- [512820.CN](https://longbridge.com/en/quote/512820.CN.md)
- [159842.CN](https://longbridge.com/en/quote/159842.CN.md)
- [516210.CN](https://longbridge.com/en/quote/516210.CN.md)
- [510650.CN](https://longbridge.com/en/quote/510650.CN.md)
- [VFH.US](https://longbridge.com/en/quote/VFH.US.md)
- [FNCL.US](https://longbridge.com/en/quote/FNCL.US.md)
- [512000.CN](https://longbridge.com/en/quote/512000.CN.md)
- [XLF.US](https://longbridge.com/en/quote/XLF.US.md)
- [512800.CN](https://longbridge.com/en/quote/512800.CN.md)
- [515020.CN](https://longbridge.com/en/quote/515020.CN.md)
- [IYF.US](https://longbridge.com/en/quote/IYF.US.md)
- [512880.CN](https://longbridge.com/en/quote/512880.CN.md)
- [IAI.US](https://longbridge.com/en/quote/IAI.US.md)
- [159887.CN](https://longbridge.com/en/quote/159887.CN.md)
- [TRI.US](https://longbridge.com/en/quote/TRI.US.md)

## Related News & Research

- [ANALYSIS-Investors gird for high US Treasury yields as new Fed Chair Warsh battles inflation](https://longbridge.com/en/news/286359372.md)
- [Assessing Ally Financial’s Valuation As Digital Branding And Boardroom Changes Reinforce Its Online Banking Focus](https://longbridge.com/en/news/286668837.md)
- [Ameriprise Financial Receives 2026 Halo Award for Best Direct Service Initiative By Engage for Good | AMP Stock News](https://longbridge.com/en/news/286809451.md)
- [Rossmore Private Capital Has $4.66 Million Holdings in The Charles Schwab Corporation $SCHW](https://longbridge.com/en/news/286748402.md)
- [Abacus Wealth Partners LLC Acquires New Stake in BNY $BK](https://longbridge.com/en/news/286664081.md)