The US really needs a replacement, for example a national digital ID based on PKI… you revoke their access to the account, and everything else that uses the account can keep working
There is already an open standard growing around exactly this concept, Web5 Distributed IDs (DID): https://dev.to/tbdevs/what-is-web5-233o
Disclosure: I worked on the implementation for an Open Banking company (does that need to be disclosed? <shrug> I’m including it lest someone think I’m a shill)
“It’s what … I do?”