This executive order is aimed at prohibiting financial institutions from engaging in practices that restrict law-abiding individuals and businesses’ access to financial services based on the political, religious beliefs or lawful business activities (“debanking”). Within 180 days of Aug. 7, 2025, each appropriate federal banking regulator is instructed to remove the use of reputation or risk equivalent concepts that could result in unlawful debanking. The Small Business Administration (SBA) is instructed to give notice to all financial institutions for which it guarantees loans under its lending program to make the following reasonable efforts within 120 days of Aug. 7, 2025: (a) identify and reinstate with notice any previous clients denied service through a politicized or unlawful debanking action; (b) identify all potential clients denied access to financial services through a politicized or unlawful debanking action and give notice to each victim of the renewed option to engage services previously denied; and (c) identify all potential clients denied access to payment processing services through a politicized or unlawful debanking action and give notice to each victim, advising each potential client of the denied access and giving each one a renewed option to engage such services. Finally, the order directs the secretary of treasury to develop a strategy for further measures to combat the debanking activities; and it directs federal banking regulators to take appropriate remedial action against financial institutions that have engaged in the practice of debanking and to refer financial institutions that have engaged in unlawful debanking based upon religion to the attorney general for an appropriate civil action if the institution is unable to obtain compliance with 15 USC Section 1691 (creditors discriminating upon the basis of religion, among other things).