Executive Order 14331—Guaranteeing Fair Banking for All Americans

Executive Order 14331, titled "Guaranteeing Fair Banking for All Americans," was issued by President Donald J. Trump on August 7, 2025. This executive order aims to ensure that no American is denied access to financial services because of their constitutionally or statutorily protected beliefs, affiliations, or political views. It states that banking decisions must instead be made based on individualized, objective, and risk-based analyses, rather than on a customer's political or religious beliefs or lawful business activities that a financial service provider might disfavor for political reasons. This order affects all Americans seeking financial services, as well as financial institutions like banks, savings associations, credit unions, and federal banking regulators.

The President issued this order because he states that some financial institutions have engaged in unacceptable practices to restrict law-abiding individuals and businesses from accessing financial services based on their political or religious beliefs or lawful business activities. The order notes that such practices have led to significant harms for individuals and their businesses, including frozen payrolls and financial distress, and asserts that these practices are incompatible with a free society. Executive orders are a long-established exercise of presidential power, used by every President since George Washington, and are grounded in Article II of the Constitution. However, they cannot create new law or contradict existing federal statutes, and courts can review them to ensure they conform with the Constitution and federal law.

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