On August 7, 2025, U.S. President Donald Trump issued an Executive Order titled “Guaranteeing Fair Banking For All Americans.” The E.O. aims to prevent financial institutions from restricting access to services based on political or religious beliefs.
The order acknowledges unacceptable practices that have emerged since the events at the U.S. Capitol on January 6, 2021, where some financial entities reportedly engaged in government-directed surveillance and flagged individuals associated with conservative causes, even in the absence of concrete evidence linking them to criminal activity. The executive order outlines a clear policy that no American should be denied financial services due to their legally protected beliefs, affiliations, or political views. It demands that banking decisions be rooted in individualized, objective, and risk-based analyses rather than partisan sentiment.
The E.O. instructs federal banking regulators to eliminate references to reputation risk that could facilitate politicized debanking from their guidance materials within 180 days from the issuance of the order.
Comptroller of the Currency Jonathan V. Gould and FDIC’s Acting Chairman Travis Hill both issued their respective statements regarding the Executive Order, showing their support for the mandate.
Read the full E.O. here.
Comptroller of the Currency Gould’s statement can be found here.
FDIC Acting Chairman Hill’s statement can be found here.