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... A spokesperson for the White House, Kush Desai, told Semafor that "any reporting about potential policymaking that has not been officially announced by the White House is baseless speculation." It is unclear where the Treasury Department, which did not comment for this story, stands on the proposal.

Already, the industry is pushing back out of concern that the potential move -- via presidential order, not legislation -- would be costly and complicated to implement. Illicit finance laws require financial institutions to collect some personal information on their customers, but not citizenship details specifically.
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One financial services lobbyist called the idea a "complete nightmare" logistically. The lobbyist also warned of potential pushback from GOP voters: "The admin might think this is a good idea until Joe MAGA in Alabama is asked to present his papers." ...

Original [paywalled] source ...

@#5 ... Bank accounts, license plates... DNA next? ...

The SAVE act (of which voter ID requirement is a small, but overly emphasized, part) would require the States to turn over to Sec Noem's DHS all data the States have on their voters.

@#6 ... He paying for everyone's passports now? ...

No.

The SAVE Act is not even reimbursing States for the significant expense they face in order to comply.

Also, the passport requirement is seen as a poll tax by many who do not have a passport.

@#4 ... Is Trump a citizen of Qatar?

Why does he have a bank account there? ...

Good question.

My first guess at an answer would be ... so that he can have Venezuelan oil revenue money deposited there sans oversight.

@#11 ... requires financial institutions to implement reasonable, written, risk-based procedures to verify the identity of any person or entity opening a new account. ...

Does that say, "passport or birth certificate" is required?

Apropos?