Executive Order

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Guaranteeing Fair Banking for All Americans

AI Summary: This is a policy document, specifically an Executive Order (EO 14331) addressing banking practices and financial services access. This regulation aims to prevent "politicized or unlawful debanking," which it defines as financial institutions restricting banking services based on a customer's political or religious beliefs or lawful business activities. The regulation requires federal banking regulators to remove "reputation risk" concepts from their guidance materials, review past debanking practices, and take actions to ensure fair and objective banking services. The Small Business Administration (SBA) must identify and potentially reinstate clients previously denied services through politicized actions, and federal banking regulators must conduct reviews to identify institutions with discriminatory policies. The Treasury Secretary is also tasked with developing a comprehensive strategy to combat debanking activities, including potential legislative or regulatory options. The order emphasizes that banking decisions must be based on individualized, objective, and risk-based analyses, and that no American should be denied financial services because of constitutionally or statutorily protected beliefs, affiliations, or political views.