1. United States
2. Ohio
3. Letter

I am writing as your constituent to urge immediate action on an alarming escalation of executive self-dealing: the executive branch granting a federal bank charter to a business substantially owned by the First Family. In August 2026, the Office of the Comptroller of the Currency (OCC)—a Treasury bureau run by presidential appointees—granted conditional approval for a national trust bank charter to World Liberty Trust Company. This entity is tied to World Liberty Financial, which is 38% owned by President Trump and his family. This creates a systemic conflict of interest: - Self-Chartering Under Appointees: Regulators serving at the pleasure of the President approved a prized charter enriching his family. The National Community Reinvestment Coalition formally opposed the bid, warning impartial oversight is impossible. - Compromised Oversight: Banking agencies must conduct safety, soundness, and anti-money laundering exams. Career examiners cannot realistically enforce penalties against a bank owned by their ultimate boss. - Monetizing Federal Rails: The charter allows the family business to issue, redeem, and custody its USD1 stablecoin under federal supervision, blending sovereign regulatory authority with private commercial gain. Claiming career staff led the review does not eliminate this conflict: an administration cannot impartially supervise a bank owned by the President. I urge you to co-sponsor and pass the Ending Presidential Corruption in Banking Act (https://www.vanhollen.senate.gov/news/press-releases/following-approval-of-trump-crypto-company-bank-application-van-hollen-warren-colleagues-introduce-the-ending-presidential-corruption-in-banking-act) (or introduce an equivalent House companion bill) to: 1. PROHIBIT OWNERSHIP: Bar a sitting President, Vice President, or immediate family from owning or controlling over 10% voting equity in any federally regulated bank. 2. BLOCK APPROVALS: Prohibit the OCC, Fed, and FDIC from approving charters, deposit insurance, or master accounts for entities owned by covered executive officials. 3. MANDATE REVOCATION: Require regulators to review and terminate any qualifying federal charter or license granted after January 20, 2025. Allowing a president to approve and supervise his own bank threatens the integrity of the U.S. financial system. I look forward to learning how you will advance this essential reform.