Finance Directives

Nominations Sent to the Senate

Published: Tue 2nd Sep 25

President Biden sent to the Senate a slate of nominations for various key positions.

These include nominations for ambassadors to Bangladesh, India, Bahrain, Jordan, and Iceland; a Federal Reserve Board member; and several federal judgeships in Mississippi, Alabama, and the District of Columbia.

The nominations span diverse fields and require Senate confirmation.

Use of Appropriated Funds for Illegal Lobbying and Partisan Political Activity by Federal Grantees

Published: Thu 28th Aug 25

President Donald J. Trump issued a memorandum ordering an investigation into the potential misuse of federal grant funds for illegal lobbying and partisan political activities.

The memorandum directs the Attorney General, in consultation with relevant agencies, to investigate whether grant funds are being illegally used to support lobbying or political activity, and to report back within 180 days.

The President asserted that the misuse of funds is wasteful, potentially fraudulent and raises serious legal concerns.

The memorandum includes provisions safeguarding existing executive department and agency authority.

Taking Steps to End Cashless Bail to Protect Americans

Published: Mon 25th Aug 25

This presidential order directs federal agencies to review and potentially cut funding to jurisdictions with cashless bail policies deemed to threaten public safety.

The Attorney General will identify these jurisdictions, focusing on those with a high rate of releases for violent crimes or offenses involving property damage, before federal funds are reviewed.

The order aims to prioritize incarcerating individuals considered high risks to society, emphasizing the need to maintain order and public safety.

Measures To End Cashless Bail And Enforce The Law In The District Of Columbia

Published: Mon 25th Aug 25

This Presidential Action addresses a declared crime emergency in Washington, D.C. It directs Federal agencies to take steps to ensure that dangerous individuals are held in pretrial detention by prioritizing Federal custody and charges, and by influencing the District's policies on cashless bail through funding decisions, services, and reviews.

The Attorney General is tasked with reviewing D.C. Metropolitan Police Department policies and working to change cashless bail procedures.

The order emphasizes the need to enhance public safety while asserting the President's constitutional authority.

90th Anniversary of the Social Security Act

Published: Thu 14th Aug 25

President Donald J. Trump's proclamation declares August 14, 2025, the 90th anniversary of the Social Security Act.

The proclamation praises the Act's enduring importance, highlights the administration's efforts to combat fraud and improve the Social Security Administration's efficiency, and celebrates the significant tax relief provided to seniors.

Trump also connects strong border security policies to the preservation of Social Security benefits.

Democratizing Access to Alternative Assets for 401(K) Investors

This presidential order seeks to broaden investment opportunities for 401(k) and similar retirement plan participants by increasing access to alternative assets.

The order addresses concerns about the lack of access to these investment types for the majority of Americans, despite their availability for institutional investors and the wealthy.

It directs the Secretary of Labor to review existing department guidelines and propose changes that promote prudent investment in alternative assets while mitigating legal risks.

The Securities and Exchange Commission is also tasked with evaluating potential regulatory adjustments to facilitate access.

Guaranteeing Fair Banking For All Americans

President Trump issued an executive order addressing what the order terms "politicized or unlawful debanking." The order alleges that financial institutions have engaged in discriminatory practices by restricting access to financial services based on political beliefs, religious affiliations, or lawful business activities.

It directs federal banking regulators to remove reputation risk considerations from their guidance and investigate institutions engaging in such practices.

The Small Business Administration is instructed to assist clients who were unfairly denied services.

The order aims to ensure fair access to financial services for all Americans, regardless of their political affiliations or beliefs, and to prevent the use of financial tools to suppress differing viewpoints.

Nominations Sent to the Senate

Published: Fri 1st Aug 25

The White House announced the nomination of Edward Forst of Florida to serve as the Administrator of General Services, replacing Robin Carnahan who resigned.

This nomination is subject to Senate confirmation and represents a key appointment to oversee a critical government agency.