Category: MIL-OSI

Source: United States White House

On Tuesday, May 19, 2026, the President signed into law:

H.R. 972, the “Sloan Canyon Conservation and Lateral Pipeline Act,” which expands the boundaries of the Sloan Canyon National Conservation Area in Clark County, Nevada, and directs the Department of the Interior’s Bureau of Land Management to grant rights-of-way to the Southern Nevada Water Authority for the construction of a water transmission pipeline and related facilities to serve the Las Vegas Valley;

H.R. 2066, the “Investing in All of America Act of 2025,” which modifies the maximum amount of outstanding leverage available to a Small Business Investment Company (SBIC) and excludes from the calculation of the leverage cap an SBIC’s investments made in small businesses located in low-income or rural areas, small manufacturers, and critical technology-focused small business; and

H.R. 2815, the “Cape Fox Land Entitlement Finalization Act of 2025,” which waives the requirement under the Alaska Native Claims Settlement Act for the Cape Fox Village Corporation to receive certain Federal land for settlement purposes and authorizes the Corporation to select other previously identified land..

Source: United States White House

class=”has-text-align-center”>BY THE PRESIDENT OF THE UNITED STATES OF AMERICA

A PROCLAMATION

1.  Section 5019(a)(1)(A) of the Consolidated Appropriations Act, 2026 (Public Law 119-75), amended section 506B of the Trade Act of 1974 (the “Trade Act”) (19 U.S.C. 2466b), as amended, and section 5019(a)(1)(B)(i) of the Consolidated Appropriations Act, 2026, amended section 112(g) of the African Growth and Opportunity Act (the “AGOA”) (19 U.S.C. 3721(g)), to provide that in the case of a beneficiary sub-Saharan African country, duty-free treatment provided under title V of the Trade Act shall remain in effect through December 31, 2026.

2.  Section 5019(a)(1)(B)(ii) of the Consolidated Appropriations Act, 2026, amended section 112(b)(3)(A) of the AGOA (19 U.S.C. 3721(b)(3)(A)) to extend the regional apparel article program through December 31, 2026.  Section 5019(a)(1)(B)(iii) of the Consolidated Appropriations Act, 2026, amended section 112(c)(1) of the AGOA (19 U.S.C. 3721(c)(1)) to extend the third-country fabric program through December 31, 2026.

3.  Section 506A(a)(1) of the Trade Act, as added by section 111(a) of the AGOA (title I of Public Law 106-200, 114 Stat. 251, 257-58) (19 U.S.C. 2466a(a)(1)), authorizes the President to designate a country listed in section 107 of the AGOA (19 U.S.C. 3706) as a “beneficiary sub-Saharan African country” if the President determines that the country meets the eligibility requirements set forth in section 104 of the AGOA (19 U.S.C. 3703), as well as the eligibility criteria set forth in section 502 of the Trade Act (19 U.S.C. 2462).  Section 506A(a)(3) of the Trade Act authorizes the President to terminate the designation of a country as a “beneficiary sub-Saharan African country” if the country is not making continual progress in meeting the eligibility requirements set forth in section 104 of the AGOA (19 U.S.C. 3703), as well as the eligibility criteria set forth in section 502 of the Trade Act (19 U.S.C. 2462).

4.  In Proclamation 10692 of December 29, 2023 (To Take Certain Actions Under the African Growth and Opportunity Act and for Other Purposes), the President determined that the Gabonese Republic (Gabon) was not making continual progress in meeting the requirements described in section 506A(a)(1) of the Trade Act.  Thus, pursuant to section 506A(a)(3) of the Trade Act (19 U.S.C. 2466a(a)(3)), the President terminated the designation of Gabon as a beneficiary sub-Saharan African country for purposes of section 506A(a)(1) of the Trade Act.

5.  Pursuant to section 506A(a)(1) of the Trade Act, based on actions the Government of Gabon has taken, I have determined that Gabon meets the eligibility requirements set forth in section 104 of the AGOA and the eligibility criteria set forth in section 502 of the Trade Act, and I have decided to designate Gabon as a beneficiary sub-Saharan African country.

6.  Section 5020(a)(1)(A)(i) of the Consolidated Appropriations Act, 2026, amended section 213A(b)(1)(B)(v)(I) of the Caribbean Basin Economic Recovery Act (19 U.S.C. 2703a(b)(1)(B)(v)(I)) (the “CBERA”) to change applicable percentage limits of the Haiti Economic Lift Program.  Section 5020(a)(1)(A)(ii) of the Consolidated Appropriations Act, 2026, amended section 213A(b)(1)(C) of the CBERA (19 U.S.C. 2703a(b)(1)(C)) to extend preferential treatment during each period after the initial applicable 1-year period to not more than 1.25 percent of the aggregate square meter equivalents of all apparel articles imported into the United States in the most recent 12-month period for which data are available.  Section 5020(a)(2) of the Consolidated Appropriations Act, 2026, amended section 213A(h) of the CBERA (19 U.S.C. 2703a(h)) to extend duty-free treatment provided to Haiti through December 31, 2026.

7.  Section 604 of the Trade Act (19 U.S.C. 2483), as amended, authorizes the President to embody in the Harmonized Tariff Schedule of the United States (HTSUS) the substance of statutes affecting import treatment, and actions thereunder, including the removal, modification, continuance, or imposition of any rate of duty or other import restriction.

NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, by the authority vested in me by the Constitution and the laws of the United States, including sections 506A(a)(1) and 506B of the Trade Act, sections 112(b)(3)(A), (c)(1), and (g) of the AGOA, sections 213A(b)(1) and (h) of the CBERA, and section 604 of the Trade Act, do hereby further proclaim as follows:

(1)  To provide that duty-free treatment provided under the AGOA shall be effective through December 31, 2026, general note 16(c) of the HTSUS is modified as set forth in Annex I to this proclamation.

(2)  To provide that the AGOA regional apparel article program and third-country fabric program are effective through December 31, 2026, U.S. Note 2(b), subchapter XIX, chapter 98 of the HTSUS is modified as set forth in Annex I to this proclamation.

(3)  In Proclamation 8157 of June 28, 2007 (To Modify Duty-Free Treatment Under the Generalized System of Preferences, Take Certain Actions Under the African Growth and Opportunity Act, and for Other Purposes), the President modified U.S. Note 2(b), subchapter XIX to chapter 98 of the HTSUS by inserting “through October 1, 2011,”.  Public Law 112–163 amended the AGOA to extend the third-country fabric program to September 30, 2015, but the President did not make a conforming change by modifying “through October 1, 2011,” in the HTSUS.  The Trade Preferences Extension Act of 2015 (Public Law 114-27) extended the AGOA program to “September 30, 2025,” but Proclamation 9466 of June 30, 2016 (To Implement the World Trade Organization Declaration on the Expansion of Trade in Information Technology Products and for Other Purposes), did not make a conforming change by modifying “through October 1, 2011,” in the HTSUS.  To make this technical correction, U.S. Note 2(b), subchapter XIX to chapter 98 of the HTSUS is modified as set forth in Annex II to this proclamation. 

(4)  To reflect the designation of Gabon as a beneficiary sub-Saharan African country for purposes of the AGOA and section 506A of the Trade Act, effective January 1, 2026, general note 16(a) of the HTSUS is modified as set forth in Annex I to this proclamation.

(5)  To provide that the tariff treatment and applicable percentage limits to Haiti intended under section 213A of the CBERA are effective through December 31, 2026, subdivisions (f)(i) and (g)(i) of U.S. Note 6 to subchapter XX, chapter 98 of the HTSUS are modified as set forth in Annex III to this proclamation.

(6)  Each executive department and agency (agency) is authorized to and shall take all appropriate measures within its authority to implement this proclamation.  The head of each agency may, consistent with applicable law, including section 301 of title 3, United States Code, redelegate any of these functions within their respective agency.

(7)  The United States Trade Representative, in consultation with U.S. Customs and Border Protection and the United States International Trade Commission, shall determine whether any additional modifications to the HTSUS are necessary to effectuate this proclamation and shall make such modifications to the HTSUS through notice in the Federal Register, including any technical correction to the Annexes to this proclamation.

(8)  Any provision of previous proclamations and Executive Orders that is inconsistent with the actions taken in this proclamation is superseded to the extent of such inconsistency.  If any provision of this proclamation or the application of any provision to any individual or circumstance is held to be invalid, the remainder of this proclamation and the application of its provisions to any other individuals or circumstances shall not be affected.

ANNEX I

ANNEX II

ANNEX III

IN WITNESS WHEREOF, I have hereunto set my hand this nineteenth day of May, in the year of our Lord two thousand twenty-six, and of the Independence of the United States of America the two hundred and fiftieth.

DONALD J. TRUMP

Source: United States White House

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered:

Section 1.  Policy.  The United States is a global leader in financial innovation, driven in part by the rapid growth of financial technology (fintech) firms.  These firms provide innovative services and solutions that enhance access to financial products and services and create economic opportunity for all Americans.  To foster this financial innovation, the Federal Government must update regulations to allow integration of digital assets and innovative technology into traditional financial services and payment systems.  The Federal Government must also remove overly burdensome and fragmented regulations and supervisory practices that form barriers to entry and primarily benefit incumbent financial services firms.

It is therefore the policy of the United States to streamline regulatory processes, reduce unnecessary barriers to entry, and encourage collaboration between fintech firms, federally regulated financial institutions, and Federal financial regulators.

Sec. 2.  Definitions.  For the purposes of this order:  (a) “Fintech firm” refers to a non-bank company that uses or develops technological means to offer or support the offering of financial products or services, including, but not limited to, any application or any digital or online technology that facilitates access to, management of, or data processing for financial products or services.  Such financial products or services may include, but are not limited to, payment processing, lending, deposit-taking, derivatives, investment management, brokerage services, underwriting and capital-market activities, custodial and fiduciary services, digital banking, digital asset-related services, securities and commodities market activities, and blockchain-based services.  For the avoidance of doubt, such financial products or services also include the activities set forth in paragraphs (A) through (G) of section 4(k)(4) of the Bank Holding Company Act of 1956 (12 U.S.C. 1843(k)(4)).

(b)  “Bank” has the meaning given that term in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813).

(c)  “Credit union” means an “insured credit union”, as defined in section 101 of the Federal Credit Union Act (12 U.S.C. 1752(7)).

(d)  “Financial products and services” refer to activities permissible under Federal or State law for a bank or credit union to undertake as well as the financial activities listed in Appendix A to 12 CFR Part 242.

(e)  “Federal financial regulators” refers to the Consumer Financial Protection Bureau, the Securities and Exchange Commission, the National Credit Union Administration, the Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency.

Sec. 3.  Streamlining Regulatory Processes.  (a)  Within 90 days of the date of this order, the head of each Federal financial regulator shall conduct a review of existing regulations, guidance, supervisory practices, and application processes to identify those that could be updated to facilitate innovation, and competition to financial products and services for fintech firms, particularly those that are small and emerging.  The reviews shall identify regulations, guidance documents, orders, no-action letters, and other items that unduly impede fintech firms from entering into partnerships with federally regulated institutions (including insured depository institutions, credit unions, broker-dealers, investment advisers, and futures commission merchants), as well as regulations, guidance documents, orders, no-action letters, and other items that could be amended to streamline application processes for eligible fintech firms seeking bank charters, credit union charters, deposit or share insurance, and other Federal licenses, registrations, and authorizations, balancing innovation interests with the importance of safety and soundness, consumer and investor protection, market integrity, financial stability, and oversight.

(b)  Within 180 days of the date of this order, the head of each Federal financial regulator shall, in consultation with the Assistant to the President for Economic Policy, take steps to encourage innovation as a result of the review described in subsection (a) of this section.

Sec. 4.  Access to Federal Reserve Services.  (a)  The Board of Governors of the Federal Reserve System (FRB) is requested to complete the actions described in section 3 of this order.

(b)  The FRB is requested to conduct a comprehensive evaluation of the legal, regulatory, and policy framework governing access to Reserve Bank payment accounts and payment services by uninsured depository institutions and non-bank financial companies, including those engaged in digital assets and other novel financial activities (collectively, covered firms), and those functioning as direct participants in real-time (instant) payment networks.  Within 120 days of the date of this order, the FRB is requested to submit a report to the President, through the Assistant to the President for Economic Policy, setting forth its findings, options, and any recommendations.  The evaluation is requested to assess:

(i)    the legal authority of the Federal Reserve, under the Federal Reserve Act and other applicable Federal law, to extend direct access to Federal Reserve payment accounts and payment services to covered firms;

(ii)   options for expanding such access to the extent permitted by law, subject to appropriate risk management requirements;

(iii)  legal impediments that preclude direct access and a detailed analysis of those impediments, and legislative or regulatory options that would enable such access while mitigating risks to the payment system, financial stability, and the United States economy; and  

(iv)   whether, and if so to what extent, each of the 12 Federal Reserve Banks has legal authority to act independently of the FRB in granting or denying access to Reserve Bank payment accounts and payment services and, if independent action and decisions by individual Federal Reserve Banks is legally permissible, what FRB-level regulations or policies the FRB has established or proposes to establish to ensure that covered firms are evaluated on a consistent basis regardless of which Federal Reserve Bank receives or processes their applications. 

(c)  To the extent the FRB determines, pursuant to its review under subsection (b) of this section, that existing law permits the extension of direct access for covered firms to Reserve Bank payment accounts and payment services, the FRB is requested to establish transparent application procedures for such access and to make determinations with respect to complete applications within 90 days of the application date for such access.

Sec. 5.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:

(i)   the authority granted by law to an executive department or agency, or the head thereof; or

(ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.

(b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.

(c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

(d)  The costs for publication of this order shall be borne by the Department of the Treasury.

DONALD J. TRUMP

THE WHITE HOUSE,

May 19, 2026.

Source: United States White House

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: 

Section 1.  Purpose.  America’s financial institutions serve a critical role in safeguarding the American people against financial fraud and abuse.  My Administration has taken significant steps to lower the costs of providing financial services for Americans and reduce unnecessary and burdensome Federal regulations that restrain economic growth and hamper the competitiveness of financial service providers nationwide.  However, it has long been the policy of the United States to adopt tailored measures to safeguard our financial system from illicit use and promote safe and sound lending and other practices by financial institutions.  My Administration will not tolerate national security and public safety risks caused by illicit cross-border financial activity, nor will it permit risks to our financial system posed by the extension of credit or financial services to the inadmissible and removable alien population.

Even the provision of the most basic financial services, absent proper know-your-customer practices, can be abused to facilitate the funding of activities that pose significant threats to national security and public safety.  Low-dollar cross-border funds transfers have been used to facilitate or commit terrorist financing, narcotics trafficking, human trafficking, and other illegal activity.  Financial trend analyses have uncovered hubs of deadly fentanyl-related financial activity in the United States related to Mexico-based cartels.  A recent analysis of Chinese money laundering networks identified how foreign passport holders have used United States-based accounts to facilitate the laundering of over $312 billion for criminal organizations, with human trafficking highlighted among the activities associated with the transfers.  Robust customer identification programs and enhanced due diligence measures are necessary to mitigate these risks.

Banks and other financial institutions should also be attentive to the credit risks posed by the extension of mortgage and auto loans, credit cards, and other consumer credit to the inadmissible and removable alien population.  Many of those borrowers face the possibility of the loss of wages due to removal or their employers’ decisions to comply with immigration law.  Lending to aliens without legal work authorization or who face a substantial loss-of-wage risk creates a structural “ability to repay” deficiency that undermines the safety and soundness of the national banking system.  Additionally, employers who violate immigration law may underreport wages, use mismatched or invalid Social Security numbers and taxpayer identification numbers, or fail to properly withhold or remit payroll taxes.  Such schemes can create vulnerabilities within our financial system by obscuring income sources, distorting credit underwriting, and facilitating underground economic activity.

It is the policy of my Administration to restore integrity to America’s financial system, safeguard financial institutions against structural risks, and deter fraud and abuse.

Sec. 2.  Definition.  The term “Federal functional financial regulator” means the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration.

Sec. 3.  Safeguarding Against Fraud and Abuse.  (a)  Within 60 days of the date of this order, the Secretary of the Treasury shall issue a formal Advisory to financial institutions regarding the risks associated with the exploitation of the United States financial system by non-work authorized populations and their employers.  This Advisory shall describe specific red flags and typologies associated with the following categories of suspicious activity:

(i)    evidentiary patterns of payroll tax evasion by employers or labor brokers, including the systematic failure to withhold or remit Federal employment taxes for non-work authorized individuals;

(ii)   the utilization of certain foreign-identity documents, nominee accounts, shell companies, or complex “funnel” structures designed to obfuscate the identity of the ultimate beneficial owners or conceal the true nature of payroll disbursements;

(iii)  the strategic use of unregistered money services businesses, third-party payment processors, or peer-to-peer platforms to facilitate “off-the-books” wage payments intended to bypass Bank Secrecy Act reporting thresholds or tax obligations;

(iv)   patterns of repetitive, sub-threshold cash withdrawals or deposits that correlate with payroll cycles conducted outside of regulated payroll processing systems, also known as “structuring and micro-structuring”;

(v)    financial activity indicative of labor trafficking or forced labor (as defined in 18 U.S.C. 1589), where proceeds are commingled with legitimate business revenue or transferred to foreign jurisdictions; and

(vi)   the use of an individual taxpayer identification number (ITIN) to obtain credit products or open depository accounts where the applicant lacks verified lawful immigration status.  Although an ITIN facilitates tax compliance, its use in lieu of a Social Security number or valid work-authorized visa may be identified as a risk factor requiring enhanced due diligence to ensure the account is not being utilized to facilitate the unlawful employment of unauthorized aliens.

(b)  Within 90 days of the date of this order, the Secretary of the Treasury shall, in consultation with the appropriate Federal functional financial regulators, propose changes to applicable implementing regulations of the Bank Secrecy Act to strengthen risk-based customer due diligence requirements for covered financial institutions.  Such changes should ensure that:

(i)   institutions collect and verify sufficient customer identity information to reasonably identify the nominal and beneficial owners of accounts in order to assess risks related to illicit finance, sanctions evasion, fraud, or other unlawful activity; and

(ii)  institutions maintain the authority, where warranted by other risk indicators or supervisory concerns, to obtain additional information necessary to resolve material compliance concerns, including information relevant to whether account holders possess lawful immigration status and employment authorization in the United States when such information is relevant to assessing risks associated with fraud, identity misrepresentation, sanctions evasion, or other illicit financial activity, as part of a risk-based customer due diligence program.

(c)  Within 180 days of the date of this order, the Secretary of the Treasury and the appropriate Federal functional financial regulators shall consider changes to applicable implementing regulations of the Bank Secrecy Act to strengthen risk-based customer identification program requirements for covered financial institutions.  Any changes considered should account for the risks foreign consular identification cards pose to the integrity of the United States financial system.

Sec. 4.  Addressing Structural Credit Risks.  (a)  Within 60 days of the date of this order, the Consumer Financial Protection Bureau shall consider clarifying that potential deportation and loss of wages are factors that could adversely affect a non-work authorized borrower’s ability to repay an extension of credit under the “ability-to-repay” standards in 12 CFR Part 1026 and its appendices and supplements, and that lenders may consider such factors as part of a reasonable and good-faith underwriting determination.

(b)  Within 60 days of the date of this order, each appropriate Federal functional financial regulator shall issue guidance regarding the management of the potential credit risks posed by the non-work authorized population.

Sec. 5.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:

(i)   the authority granted by law to an executive department or agency, or the head thereof; or

(ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.

(b)   This order shall be implemented consistent with applicable law and subject to the availability of appropriations.

(c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

(d)  The costs for publication of this order shall be borne by the Department of the Treasury.

DONALD J. TRUMP

THE WHITE HOUSE,

 May 19, 2026.

Source: United States White House

BREAKING BARRIERS FOR FINANCIAL TECHNOLOGY INNOVATION AND COMPETITION: Today, President Donald J. Trump signed an Executive Order to streamline regulations and promote financial innovation and collaboration between financial technology (fintech) firms, federally regulated financial institutions, and Federal financial regulators.

• The Order directs Federal financial regulators to review existing regulations, guidance, supervisory practices, and application processes to identify those that could be updated to facilitate innovation and greater competition in the provision of financial services, while maintaining safety and soundness.
• The Order directs the regulators, informed by those reviews, to take steps to encourage innovation by, and growth of, fintech firms and federally regulated institutions of all sizes.
• The Order asks the Federal Reserve to conduct the same regulatory review and to evaluate the legal, regulatory, and policy frameworks governing access to Reserve Bank payment accounts and payment services by uninsured depository institutions and non-bank financial companies.
• The Order asks the Federal Reserve to report on its findings regarding:
  • Legal authorities of the Federal Reserve to extend access to Federal Reserve payment accounts and payment services by uninsured depositories and non-bank fintechs;
  • Options for expanding such access, subject to appropriate risk management requirements;
  • Legal impediments that preclude direct access, along with legislative or regulatory options that could enable such access while mitigating risks; and
  • Authorities and policies, both at the Reserve Bank and Federal Reserve Board of Governors levels, governing access to Reserve Bank payment accounts and services.

PROMOTING FINANCIAL INNOVATION AND CUTTING OUT REGULATORY PROTECTIONS FOR INCUMBENTS: President Trump is acting to ensure that the United States is the global leader in financial innovation by removing outdated regulatory burdens that do not fit the digital age.

• Fintech firms provide a range of innovative services—from banking and payment processes to brokerage, securities, and custodial services—and a broad range of solutions that enhance low-cost and efficient access to financial markets, and create economic opportunity for all Americans.
• To foster Americans’ ability to benefit from these services, the Federal government must update its outdated regulations to allow integration of digital assets and other novel financial technology into traditional financial services and payment systems.
• Rules governing access to various payment services and resource-intensive requirements related to financial institutions’ third-party risk management favor incumbents at the expense of innovators.
• Other financial regulations, guidance, and policies are relics of a time when financial services were predominately provided in brick-and-mortar-centric settings and must be updated to reflect the modern age, the digital economy, and the benefits that technology can offer to all Americans, including lowering costs of financial services.
• This Order will help cement the United States as the world leader in financial technology innovation, which will help drive down costs and create greater economic opportunities for hardworking Americans.

LEADING THE WORLD IN FINANCIAL INNOVATION: President Trump is establishing the United States as a leader in financial and other cutting-edge technologies by cutting red tape and prioritizing innovation and global competitiveness – common sense measures that will lower costs and increase economic opportunities for all Americans.

• In his first week in office, President Trump signed an Executive Order to drive innovation and economic opportunity by securing the United States’ position as the world’s leader in the digital asset economy and establishing regulatory clarity for digital financial technology.
• In March 2025, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, positioning the U.S. as a world leader in government digital asset strategy.
• In March 2025, President Trump signed an Executive Order to modernize how the government handles money, switching from old-fashioned paper-based payments to fast and secure electronic payments.
• In December 2025, President Trump signed a Presidential Memorandum to ensure America’s leadership in 6G development to ensure U.S. dominance and global competitiveness in cutting-edge technologies.

Source: United States White House

SECURING AMERICA’S FINANCIAL SYSTEM: Today, President Donald J. Trump signed an Executive Orderto protect America’s financial system from illicit activity, strengthen customer identification requirements for financial institutions, and address the credit risks posed by extending financial services to non-work authorized illegal aliens.

• The Order directs the Secretary of the Treasury to issue a formal advisory to financial institutions identifying red flags and suspicious activity patterns tied to payroll tax evasion, concealment of true account ownership, off-the-books wage payments and structuring schemes, labor trafficking, and the use of individual taxpayer identification numbers to open accounts or obtain credit without verified legal presence.
• The Order directs the Secretary of the Treasury, in consultation with Federal financial regulators, to propose changes to Bank Secrecy Act regulations to strengthen customer due diligence requirements and the authority to obtain additional information when warranted, ensuring institutions can identify the true owners of accounts when necessary to assess risks related to unlawful activity.
• The Order directs the Secretary of the Treasury and Federal financial regulators to consider changes to the Bank Secrecy Act to strengthen customer identification program requirements, including accounting for the risks that foreign consular identification cards pose to the U.S. financial system.
• The Order directs the Consumer Financial Protection Bureau to consider modifying regulations to clarify that potential deportation and loss of wages are factors that could affect a borrower’s ability to repay a loan under “ability-to-repay” standards.
• The Order directs Federal financial regulators to issue guidance on managing the credit risks of extending loans and financial services to illegal aliens without work authorization.

RESTORING BANKING INTEGRITY: President Trump is taking action to restore integrity to America’s financial system, cracking down on illicit activity that threatens national security and ending the extension of credit to high-risk borrowers that American citizens are forced to subsidize.

• Gaps in customer identification practices have allowed terrorists, drug traffickers, money launderers, and other criminal networks to exploit U.S. financial institutions to move illicit funds and evade law enforcement.
  • Chinese money laundering networks have used U.S.-based accounts to launder over $312 billion for criminal organizations, including to finance human trafficking.
  • Financial trend analyses have uncovered hubs of illicit fentanyl-related financial activity in the United States tied to Mexico-based cartels.
• Extending mortgages, credit cards, and auto loans to illegal aliens who face potential removal or loss of wages creates structural credit risks that threaten the safety and soundness of the national banking system.
• Employers of illegal aliens may underreport wages and evade payroll taxes, distorting the income data that underpins credit underwriting and obscuring risk across the financial system.
• When banks are forced to absorb these elevated credit risks, the costs are passed on to American consumers in the form of higher fees and interest rates – restoring sound underwriting standards puts money back in the pockets of law-abiding Americans.

MAKING AMERICA THE FINANCIAL INNOVATION CAPITAL OF THE WORLD: President Trump is ensuring that America remains the global leader in financial innovation.

• President Trump signed an Executive Order to ensure that Federal regulators do not promote policies and practices that allow financial institutions to deny or restrict services based on political beliefs, religious beliefs, or lawful business activities, ensuring fair access to banking for all Americans.
• The Trump Administration ended Operation Choke Point 2.0 once and for all by working to end regulatory efforts that deny banking services to the digital assets industry.
• President Trump signed an Executive Order to ensure that every American preparing for retirement has access to funds that include investments in alternative assets.
• President Trump signed the GENIUS Act into law, a historic piece of legislation that will pave the way for the United States to lead the global digital currency revolution.

Source: United States White House

For years, the nation’s capital was allowed to decay — marred by crime, graffiti, and crumbling infrastructure — amid a bureaucratic acceptance of decline as inevitable. President Donald J. Trump rejected that surrender from Day One — and under his leadership, the Trump Administration is demonstrating that decline is a choice.

This week, the historic cascading fountain at Meridian Hill Park roared back to life after years of disrepair. What was once a stark symbol of all-too-common neglect now flows powerfully again as a visible emblem of rebirth in the heart of the city.

This is about far more than water and landscaping; it’s about rekindling national pride in the city that represents the American Republic. These projects signal a fundamental shift: a rejection of mediocrity and a renewed commitment to excellence in the place where our democracy is on display. It’s a signal to the world — and every citizen — that we will not settle for inferiority in the city that embodies our republic.

President Trump promised to Make America Great Again — and that includes making our capital beautiful, safe, and worthy of the greatest nation on Earth. Where past Administrations offered excuses and stagnation, the Trump Administration is delivering real results. Dozens of additional restoration, infrastructure, and beautification projects are now underway across Washington, D.C., as the nation prepares to celebrate its 250th anniversary on July 4, 2026.

Decline is a choice. President Trump is choosing action, beauty, strength, and pride.

Source: United States White House

America has built the world’s most powerful economy through the strength of our industries, the genius of our innovators, and the promise of fair and reciprocal trade.  During World Trade Week, we renew our commitment to expanding American prosperity through strong trade policies that once again put our workers, our businesses, and our Nation first.

For more than a century, America has dominated the global stage as the world’s leading economic superpower through our innovative spirit and advanced manufacturing, sustained by the grit and determination of the most productive workforce in history.  But as American workers and industries flourished, foreign competitors began to flood our markets with cheap imports while shutting out our producers at home.  For decades, gutless politicians handed away our prosperity in the name of free trade—undercutting our workers, hollowing out our factories, and weakening the industries that made our Nation great.  Weak leaders accepted the flight of American production overseas as the price of doing business with the world while freer markets never became fairer ones.

Under my leadership, the days of economic surrender are over.  No longer will American innovation be exploited by foreign nations who undermine our workers, steal our jobs, and weaken our supply chains.  That is why I have reestablished a trade policy that liberates America from unfair trade practices and reclaims our Nation’s wealth.  Through the use of strategic tariffs, my Administration has secured trillions of dollars in manufacturing investments, significantly decreased our trade deficit, and accelerated the return of production to our shores. 

In addition to these monumental victories, we have secured over 20 new trade deals with major world partners, opening new markets for American goods and strengthening our Nation’s position at the center of the global economy.  These deals mean more supply; a growing world demand for American products; and, ultimately, lower prices on the everyday goods Americans depend on—from groceries and building supplies to medicine and machinery.  American factories are reopening, American workers are returning to good-paying jobs, industries that were stripped from our communities are coming home, costs of living are dropping, and our Nation’s prosperity is flourishing. 

Together, we are proving to the world that the strength of America’s trade economy is back—and we are once again safeguarding our success, reasserting our economic independence, and putting the interests of the American people first.  America will continue to lead this new era of fair competition, innovation, and prosperity for our Republic for centuries to come.

Source: United States White House

HISTORIC LAUNCH TO LOWER DRUG PRICES FOR AMERICAN PATIENTS: Today, President Donald J. Trump announced an expansion of TrumpRx.gov to provide unprecedented price transparency and choice on generic medications that millions of Americans use every day.

• Beginning today, TrumpRx.gov will feature more than 600 generic medications.
• Americans will be able to clearly and transparently understand the most competitive cash prices of their medications without insurance middlemen, encouraging them to compare against co-pays offered by their insurance company.
• Patients will be able to compare the best cash prices available to them at their local pharmacies and through delivery options offered by various private pharmacy programs. Discounts offered by Amazon Pharmacy, Cost Plus Drugs, and GoodRx will be integrated into TrumpRx.gov.
  • These generic drugs and prices will be listed separately from the discounts on high-cost branded medications negotiated by President Trump through his Most-Favored-Nation drug price agreements.
• Common medications featured on TrumpRx.gov willinclude, but are not limited to: atorvastatin (a cholesterol medication), clopidogrel (a blood thinner), lisinopril (a medication for high blood pressure), and metformin (a diabetes medication).
• TrumpRx.gov will list some of the most popular and commonly-used everyday medications, but will not have offerings for controlled substances, drugs with FDA-mandated risk evaluation and mitigation strategies, and medications not commonly offered through direct-to-consumer channels.

DRIVING INNOVATION IN TRANSPARENCY AND COMPETITION: Today’s announcement marks a historic innovation in making the drug purchasing process more transparent, competitive, and simple for American patients.

• Currently, patients struggling to pay for their medications may not be aware of the numerous discount programs available to them.
• With today’s announcement, TrumpRx.gov becomes a central platform for patients to check the best cash price for their medications, which insured patients can easily compare against the price their insurance company is offering them.
• By listing each company’s discounts in one easily accessible place for patients to compare, TrumpRx.gov will drive greater cash price competition among the nation’s largest pharmacy discount companies.

DELIVERING ON PROMISES TO PUT AMERICAN PATIENTS FIRST: President Trump is delivering on promises to ensure American patients no longer pay high prices to subsidize low prices in the rest of the world, something the political establishment did not believe was possible.

• On May 12, 2025, President Trump signed an Executive Order titled: “Delivering Most-Favored-Nation Prescription Drug Pricing to American Patients” directing the Administration to take numerous actions to bring American drug prices in line with those paid by similar nations.
• On July 31, 2025, President Trump sent letters to 17 leading pharmaceutical manufacturers outlining the steps they must take to bring down the prices of prescription drugs in the United States to match the lowest price offered in other developed nations.
• Since September 30, 2025, President Trump has announced 17 deals with major pharmaceutical manufacturers to bring prices in line with those paid in other developed nations, which will provide substantial price relief on numerous products taken by millions of Americans.
• On December 1, 2025, the Office of the United States Trade Representative, the Department of Commerce, and the Department of Health and Human Services announced an agreement with the United Kingdom (U.K.) that will increase the net price of new prescription drugs by 25% in the U.K., helping ensure that they pay their fair share for innovative medicines.
• On January 15, 2026, President Trump called on Congress to enact The Great Healthcare Plan, which would lower drug prices by codifying the savings from his Most-Favored-Nation pricing initiative, lower insurance premiums, hold insurance companies accountable, and maximize price transparency.
• On February 5, 2026, President Trump announced the launch of TrumpRx.gov, a platform through which cash-paying patients can directly access discounts negotiated by President Trump.

Source: United States White House

President Donald J. Trump’s America First agenda is delivering big returns for the American people — turning strategic government action into massive taxpayer gains while powering a record stock market boom.

In a new Fortune interview, President Trump spotlighted the groundbreaking Intel agreement he secured last year as a prime example of the market resurgence, giving taxpayers a direct equity stake in the iconic American company. In just eight months, the position has surged in value to more than $50 billion — a direct windfall for American taxpayers and a major boost for domestic manufacturing.

This success reflects the broader confidence unleashed since President Trump returned to office. Strong leadership, pro-growth policies, and robust protection of U.S. industry have driven the stock market to record territory, creating trillions in new wealth for families, retirees, workers, and businesses.

Key market milestones include:

• S&P 500: 57 record highs
• Nasdaq: 50 record highs
• Dow Jones Industrial Average: 26 record highs, including its first-ever close above 50,000
• NYSE Composite: 44 record highs

The Intel deal is not an isolated victory. It demonstrates that decisive action, smart trade policy, and prioritizing American workers and innovation are rebuilding national strength and generating real results for the American people.

President Trump is securing the best deals for America — and the results speak for themselves.