President Donald Trump on Thursday signed executive orders to ban politicized debanking and to broaden 401(k) investment choices for Americans.

The first order, “Guaranteeing Fair Banking for All Americans,” prohibits federal regulators from pushing policies that enable banks and other financial institutions to deny services due to “political beliefs, religious beliefs, or lawful business activities,” a White House fact sheet on the order notes.

Banking regulators are directed to end “reputational risk and other equivalent concepts” that foster “politicized or unlawful debanking.” Under the order, all small financial institutions that fall under the Small Business Administration’s jurisdiction will be required “to make reasonable efforts to reinstate clients and potential clients previou

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