This resolution, introduced by a group of Louisiana representatives, calls on the United States Congress and the Trump administration to take action against the perceived misuse of regulatory power by federal agencies over financial institutions. It highlights concerns that regulators have been pressuring banks to sever ties with certain individuals and businesses, which undermines free market principles. The resolution cites past instances, such as Operation Choke Point, where regulators allegedly coerced banks into withdrawing support from specific industries, and emphasizes the need for a regulatory environment that does not penalize banks for maintaining relationships with law-abiding customers.

The resolution advocates for the modernization of anti-money laundering laws to better target actual financial crimes rather than innocent banking activities. It urges regulatory agencies to focus on their core missions without overstepping into unrelated policy areas and to avoid using non-binding guidance as a means of exerting pressure on financial institutions. Additionally, it calls for increased transparency and accountability among regulators to ensure that the legitimate concerns of financial soundness do not impede access to banking services for law-abiding citizens. A copy of the resolution will be sent to key financial regulatory leaders and members of Congress.