Ending Presidential Corruption in Banking Act

The Ending Presidential Corruption in Banking Act prohibits federal banking regulators from approving new charters, licenses, or deposit insurance for banks where high-ranking government officials hold a controlling interest. The bill defines covered persons to include the President, Vice President, Members of Congress, senior executive branch appointees, and their immediate family members, banning them from owning more than 10 percent of a bank's voting securities or serving as senior executives. It requires regulators to terminate existing banking charters and licenses for institutions that received approval after January 20, 2025, while such officials maintained control. Additionally, the law makes it unlawful for the President, Vice President, or their spouses and children to hold any controlling influence over a bank, mandating immediate termination of those banks' federal privileges if compliance is not achieved within 30 days of inauguration.