Buy me a coffee“Illegal Immigrants and Foreign Fraudsters steal BILLIONS every year from the American Taxpayer. As part of my Administration's Historic effort to end FRAUD and reverse MASS ILLEGAL IMMIGRATION, I recently signed a powerful new Executive Order, which will be led by the Treasury Department, to stop Banks, Credit Cards, and Financial Institutions from being used to facilitate Human Smuggling, Drug Trafficking, Illegal Immigration, and the Criminal Cartels who orchestrate these activities. Access to our Nation's Financial Systems must be limited to those who have a Legal Right to be here, and who are engaged in Lawful and Legitimate Commerce. Bank Accounts being used to enable Illegal Immigration, or to store the Welfare received by Illegal Aliens, will be shut down, and funds will ultimately face Impoundment and Seizure so they can to be returned to Taxpayers. It is not ludicrous, but profoundly dangerous, that any Illegal Alien can simply present a Blue State Drivers License, or Biden Border Document, and have unrestricted access to the U.S. Financial System. This also sends a clear message to the anti-ICE rioters that your violent disruptions are only strengthening our resolve. My Executive Order will also allow us to stop Billions in leaving our Country in all manner of criminal activity. It has been said this measure we are taking is the most effective means of reversing Biden's Border Invasion. We shall soon find out! President DONALD J. TRUMP”
- 01True
“I recently signed a powerful new Executive Order”
Trump signed the executive order "Restoring Integrity to America's Financial System" on May 19, 2026, directing Treasury and bank regulators to treat immigration status as a financial risk factor.
- 01White Houseproof ⟶
- 02Distortion
“Illegal Immigrants steal BILLIONS every year from the American Taxpayer”
Under federal law, undocumented immigrants are barred from most federal benefits. They paid an estimated $89.8 billion in combined taxes in 2023. Conservative estimates of indirect costs exist but include education and emergency healthcare — not theft. The word "steal" is a deliberate distortion of a complex fiscal picture.
- 03Distortion
“any Illegal Alien can simply present a Blue State Drivers License and have unrestricted access to the U.S. Financial System”
Access was not "unrestricted" — banks already applied Know Your Customer (KYC) standards. The executive order itself is incremental, not a radical overhaul. An earlier stricter proposal requiring mandatory citizenship collection was dropped after banks warned it would risk "debanking" millions of lawful Americans.
- 01NBC Newsproof ⟶
- 04Distortion
“Bank Accounts used to store Welfare received by Illegal Aliens will be shut down”
Undocumented immigrants are legally barred from the federal welfare programs Trump references. There are no such accounts to close. Additionally, the executive order does not immediately close any accounts — it directs regulators to develop guidance over 60-90 days.