GUARANTEEING FAIR BANKING

• The Executive Order prohibits "politicized or unlawful debanking"—denying services based on a customer's political/religious beliefs or lawful business activities.

• It mandates Federal banking regulators remove "reputation risk" or equivalent concepts from guidance within 180 days to ensure decisions are based only on objective, risk-based analyses.

• The Small Business Administration (SBA) must require its lenders to identify and reinstate past clients who were denied service due to politicized debanking.