On August 7, 2025, President Donald J. Trump issued the Executive Order entitled: âGuaranteeing Fair Banking for All Americansâ (the âFair Banking Executive Orderâ) instructing the SBA, along with there-defined federal banking regulators, to end the practice of politicized or unlawful debanking â the practice where banks and financial services providers, both independently and at the direction of federal regulators, freeze or close accounts, deny loans, and refuse services to politically disfavored people and businesses. The Fair Banking Executive Order imposes an obligation on the SBA to require financial institutions subject to SBAâs jurisdiction and supervision to identify and remedy instances of politicized or unlawful debanking. The SBA consequently must collect related information to ensure its compliance with the Fair Banking Executive Order. Respondents shall provide SBA with a detailed report addressing and evidencing compliance with the requirements listed on the information collection. Lending institutions with under $30 billion in assets that are supervised by a federal banking regulator may comply with this reporting requirement via the template provided on September 30, 2025.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.