Federal Register #2026-10400

Executive Order on Safeguarding the U.S. Financial System

This announcement details a presidential executive order focused on strengthening the integrity of the U.S. financial system. - Issued by the Executive Office of the President - Directs federal agencies and financial regulators, including: - Secretary of the Treasury - Board of Governors of the Federal Reserve System - Office of the Comptroller of the Currency - Federal Deposit Insurance Corporation - National Credit Union Administration - Mandates actions to address risks such as: - Fraud - Money laundering - Credit risks from lending to non-work authorized populations - Requires issuance of advisories, regulatory changes, and guidance to financial institutions - Emphasizes robust customer identification programs and enhanced due diligence - No products, OEMs, or vendors are requested - No procurement or contract opportunity is being announced

Description

This document is an executive order issued by the Executive Office of the President aimed at restoring integrity to the U.S. financial system. It addresses risks associated with illicit financial activities, including fraud, money laundering, and credit risks posed by lending to non-work authorized populations. The order directs the Secretary of the Treasury and federal financial regulators to issue advisories, propose regulatory changes, and provide guidance to safeguard financial institutions and promote safe lending practices. It emphasizes the importance of customer identification programs and enhanced due diligence to mitigate risks to national security and public safety.

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