Senator Tom Cotton (R-AR) has introduced the Know Your American Customer Act, landmark legislation that would restrict illegal immigrants from accessing the U.S. banking system. The bill requires FDIC- and NCUA-insured banks and credit unions to verify the legal status of new customers before opening accounts. Individuals would need to present valid identification and proof that they are U.S. citizens, permanent residents, or lawfully present on a valid visa. If passed, it would make it a federal crime for illegal immigrants to open or maintain bank accounts. This commonsense measure is urgently needed to protect our financial system, uphold the rule of law, and prevent illegal aliens from benefiting from American institutions while violating our sovereignty.
To increase the likelihood of this bill’s passage, please use ACT for America's “Take Action Now” button on this page to contact your elected officials in Washington, D.C. With your help, we can mobilize strong grassroots support and ensure that illegal aliens are barred from the U.S. banking system once and for all.
The Blog "Keep Illegal Immigrants out of American Banking" was originally posted here.