Arkansas Congressman French Hill Praises President Trump’s Order Against Debanking

Last week, President Trump signed an executive order against debanking. The purpose of the order is to guarantee fair banking for all Americans.

Arkansas Congressman French Hill (AR-02), who chairs the House Committee on Financial Services, issued a statement praising the order, saying,

“Targeting Americans for their political beliefs undermines the freedoms our country was built upon and should have no place in our financial system. I commend President Trump for taking decisive action to protect all Americans from politically motivated financial discrimination. The president’s executive order is an important step toward restoring fairness and accountability in our banking system, and the House Financial Services Committee will continue its work to investigate and prevent debanking for lawful businesses.”

Congressman Hill also published the following timeline regarding federal inquiries into debanking:

  • On April 29, 2025the Subcommittee on Financial Institutions, led by Subcommittee Chairman Barr, held a hearing to examine regulatory overreach and debanking.
  • On February 20, 2025, Chairman Hill, Subcommittee Chairman Dan Meuser (PA-09), Subcommittee Chairman Andy Barr (KY-06), and Subcommittee Chairman Bryan Steil (WI-01), sent a letter to Federal Deposit Insurance Corporation (FDIC) with recommendations to help clarify digital asset regulations and prevent debanking.
  • On February, 6, 2025the Subcommittee on Oversight and Investigations, led by Subcommittee Chairman Meuser, held a hearing to discuss debanking efforts under the Biden-Harris Administration.
  • On May 21, 2025, the Committee passed H.R. 2702, the FIRM Act, with bipartisan support, to remove reputational risk from bank supervision. This bill directly aligns with the Federal Reserve’s recent decision to remove reputational risk from their exam process.
  • In March and April 2023, then-Digital Assets, Financial Technology and Inclusion Subcommittee Chairman French Hill, then-Oversight and Investigations Subcommittee Chairman Bill Huizenga, and former Chairman Patrick McHenry sent multiple letters to the Chair of the Board of Governors of the Federal Reserve System, Jerome Powell, then-Chairman of the Federal Deposit Insurance Corporation (FDIC), Martin Gruenberg, and then-Acting Comptroller of the Currency, Michael Hsu, requesting information related to potential coordinated efforts by the agencies to deny banking services to digital asset firms and the ecosystem as a whole. 
  • In March 2023, then-Digital Assets, Financial Technology and Inclusion Subcommittee Chairman French Hill held a hearing to highlight the Biden Administration’s Attack on the Digital Asset Ecosystem.

We have written repeatedly about allegations that major financial institutions have deliberately debanked conservative individuals and organizations.

In 2021 Family Council’s credit card processor abruptly cancelled our account after designating our organization as “high risk.” Unfortunately, this was not an isolated incident. Other organizations have had similar experiences as well.

We deeply appreciate the Trump Administration and congressmen like Rep. French Hill leading the way against debanking. After all, banks that are too big to fail are too big to discriminate.

Articles appearing on this website are written with the aid of Family Council’s researchers and writers.

President Trump Signs Executive Order to Target Debanking

On August 7, President Trump signed an executive order “guaranteeing fair banking for all Americans.”

Since 2021, news outlets and congressional testimony have highlighted how federal officials and financial institutions targeted conservative organizations through “reputational risk” policies. Conservatives deemed “high risk” could have their bank accounts closed without warning and without explanation.

President Trump’s new executive order directs federal banking regulators to “remove the use of reputation risk or equivalent concepts that could result in politicized or unlawful debanking.”

The order says,

Financial institutions have engaged in unacceptable practices to restrict law-abiding individuals’ and businesses’ access to financial services on the basis of political or religious beliefs or lawful business activities.  Some financial institutions participated in Government-directed surveillance programs targeting persons participating in activities and causes commonly associated with conservatism and the political right following the events that occurred at or near the United States Capitol on January 6, 2021.

In a separate statement, the White House said,

President Trump believes that no American should be denied access to financial services because of their political or religious beliefs, and that banking decisions must solely be made on the basis of individualized, objective, and risk-based analyses.

We have written repeatedly about allegations that major financial institutions deliberately targeted conservative individuals and organizations.

In 2021 Family Council’s credit card processor terminated our account after designating our organization as “high risk.” 

At 10:29 AM on Wednesday, July 7, 2021, our office received a terse email from our credit card processor — a company owned by JPMorgan Chase — saying, “Unfortunately, we can no longer support your business. We wish you all the luck in the future, and hope that you find a processor that better fits your payment processing needs.”

Within sixty seconds, our account was terminated and Family Council could no longer accept donations online.

We later learned our processor had flagged us as “high risk,” but we were unable to get an explanation from the company. All we could do was speculate that our conservative principles and our public policy work might have had something to do with the decision to close our account.

Unfortunately, this was not an isolated incident. Other organizations have had similar experiences as well. In fact, corporate shareholdersstate attorneys generalcongressmen, and other organizations all have expressed concerns over conservatives being wrongly labeled as “high risk” or “hate groups” and subsequently debanked.

Since then, JPMorgan Chase has taken steps to prevent religiously-motivated debanking. That’s good, but our state and federal government need to make sure this sort of thing never happens to anyone again.

We deeply appreciate the Trump Administration leading the way in getting rid of “reputation risk” policies that have been used to debank conservatives. After all, banks that are too big to fail are too big to discriminate.

Articles appearing on this website are written with the aid of Family Council’s researchers and writers.

Guest Column: That Bible Verse Is Not About Immigration (and Other Ways How Not to Read the Bible)

Recently on X, the Department of Homeland Security posted a video that featured immigration enforcement officers riding in Black Hawk helicopters and toting rifles to a cover of Johnny Cash’s song “God’s Gonna Cut You Down.” A narrator quoted Isaiah 6:8: “Here am I, send me.”  

Democratic Congressman Hakeem Jeffries utilized a similar hermeneutic a few days later. Quoting from the Gospel of Matthew during a record-breaking speech to delay the passing of President Trump’s “Big, Beautiful Bill,” he said,  

For I was hungry and you gave me something to eat. I was thirsty and you gave me something to drink. I was a stranger, and you invited me in. I needed clothes and you clothed me, I was sick and you looked after me, I was in prison and you came to visit me. 

According to Jeffries, this passage applies to government assistance programs. “It’s not just in [U.S.] law, it’s right here in Matthew,” he said.  

As Christian statistician Ryan Burge pointed out in a post on X, “there’s been empirical work” demonstrating how both the Right and the Left “emphasize Bible verses that [reinforce] their own political perspectives,” while conveniently ignoring the context of those verses.  

Selective proof-texting points to how widespread and deep biblical illiteracy is. In addition to an ignorance of the actual content of the Bible, there is ignorance about what the Bible even is, and how Christians throughout the ages have used it. It’s bad when this ignorance shows up in politics. It’s sad when it shows up in our churches and Christian subcultures. 

Who hasn’t seen a “verse of the day” calendar that overlays a singular motivational Bible quote on a field of flowers or a sunset? Before the DHS misused Isaiah 6:8, thousands of church conferences and short-term mission trips have, with “Here am I, send me” printed on banners and t-shirts. Often missing is Isaiah’s near-death experience and repentance beforehand, not to mention what God actually sent Isaiah to do (basically, fail as a prophet until he was eventually sawn in half). 

Christian publishing, much of Christian music, and maybe the majority of Bible studies are afflicted with this same bad habit. Christian bookstores are full of “Bible promise” titles filled with de-contextualized verses meant to directly apply to the reader. But how many books of Bible curses are therethough the Bible includes those, too? How many Americans, in the habit of “verse plucking,” gladly claim Deuteronomy 28’s national blessings, but don’t read on about the national curses for disobedience that directly follow? How many Bible studies ask the question, “What does this verse mean to you” before truly wrestling with, “What does this verse mean?” 

For years, I led a session for Christian school leaders entitled “How (Not) to Read the Bible.” But of course, the point isn’t to take the Bible out of anyone’s hands. Rather, it is to help us know and understand this essential way that God has made Himself known. Rather than treat Scripture as a fortune cookie, we have what Peter called, “the prophetic word more fully confirmed.” More confirmed than what? Astonishingly, Peter wrote that the Word of God is more sure than his own experience with Christ on the Mount of Transfiguration.   

A simple, effective way to understand Scripture is to ask where the verse in question fits, within the chapter, the book, the testament, and redemptive history as a whole. Who was speaking, and why? For example, best not to quote an observation about God or life out of the middle of Job, when his friends give “darken[ing] counsel by words without knowledge.” Answering these questions always requires reading more than a single verse.  

Also, we should always ask where a passage fits within the four-act drama of the whole Story of Scripture. Seeing the Bible’s larger movements from Creation to Fall to Redemption to Restoration de-centers ourselves and our stories from the text and re-centers God and His story. This will also require reading the Bible not in isolation from other Christians or from Christian history. God’s Word, like the Christian faith it reveals, is personal, but as Peter goes on to say, it is not private. The Bible tells the story of God and His creation, so we must ask, “Where do I fit into it?” rather than “Where does it fit into my life?”   

None of this means the Bible ought not be personally applied or, for that matter, brought into policy discussions. Rightly understood, the Bible speaks to all of life. We must be careful to bring the Word of God to our discussions, rather than our opinions masqueraded as a Bible verse. After all, unlike our political class and inspirational calendars, God has not revealed Himself in soundbites.

Copyright 2025 by the Colson Center for Christian Worldview. Reprinted from BreakPoint.org with permission.