Sen. Tom Cotton, R-Ark., is calling on the Department of the Treasury to undertake a comprehensive review of rules that allow illegal immigrants to obtain financial services and access to the U.S. banking system.
In a letter to Treasury Secretary Scott Bessent, Cotton wants a review of the regulations governing the acceptance of foreign identification documents for opening bank accounts in the country.
“Many of these individuals have accessed the U.S. banking system using foreign-issued identification documents such as Matricula cards, without verifying immigration status,” Cotton wrote in his letter.
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