President Trump Is Leading The Way

President Trump has championed pro-growth policies and fought against government overreach, issuing an executive order to end government-driven debanking and restore fairness and accountability in the financial system. These are the right solutions for fixing the regulatory process, not a patchwork of conflicting state rules that only create confusion and burden our economy.

Florida’s Future Is At Risk

Despite important progress made at the federal level, bureaucrats in Florida are now considering a significant expansion of state law through a new rule (69U-100.3231) – without the support of the legislature – which will:

Jeopardize the gains made under President Trump to cut through bureaucracy and roll back red tape by creating more regulations and a heavier-handed government

Force national banks serving Floridians to choose between conflicting state and federal laws, risking compliance with important national security regulations

Add unnecessary red tape that burdens businesses, consumers, and especially small community banks and credit unions

Open the floodgates to frivolous or politically motivated complaints, putting our financial institutions at risk of endless investigations and litigation

Discourage innovation and limit access to new financial products and services

These changes could reverse years of growth, erode our pro-business climate, and put Florida at a disadvantage compared to states that have looked to federal leadership instead of piling on more state-level red tape.

David Ibsen: Expanded debanking rule threatens Florida’s free market

Free-market Florida risks choking on red tape from misguided ‘debanking’ expansion.