President Donald Trump is preparing an executive order aimed at curbing what he describes as politically motivated discrimination by banks and financial institutions against conservative individuals and organizations, according to senior White House officials.
The proposed order, still in draft form, is expected to direct federal banking regulators to investigate whether any U.S. financial entities have denied services or closed accounts based on political or ideological views.
“Americans should not be punished financially for their beliefs,” a White House spokesperson said. “The President is committed to protecting free expression and fairness in the financial system.”
Critics argue the move could politicize financial regulation, while supporters say it addresses growing concerns about ideological bias in banking.
No timeline has been given for when the executive order might be finalized or signed.
