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theiowastandard.comMar 26, 2026Local News

Cotton Introduces Bill to Ban Illegal Migrants from American Banking System

Senator Tom Cotton introduced the Know Your American Customer Act to ban illegal migrants from the U.S. banking system.

Cotton Introduces Bill to Ban Illegal Migrants from American Banking System
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tl;dr

Senator Tom Cotton (R-AR) introduced the "Know Your American Customer Act" to bar undocumented immigrants from opening new U.S. bank accounts. The bill requires financial institutions to verify legal residency status, aiming to restrict banking access to those legally present in the country.

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Tom CottonR-Arkansas
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