The statement is not 100% exact but close enough for a reasonable person (e.g., claimed 70% vs. actual 65%). Learn more in Methodology.
One or more executive actions by President Trump are in effect that materially reduce regulatory burdens on community banks with the stated goal of improving their ability to compete with larger banks.
Evidence shows that President Trump did issue executive orders in 2025 that changed banking regulation and supervisory practices, but they were not specifically or primarily framed as empowering community/small banks to compete more evenly with larger banks.
In August 2025, Trump signed the executive order “Guaranteeing Fair Banking For All Americans,” which directs federal banking regulators and the Small Business Administration to curb “politicized or unlawful debanking,” remove “reputation risk” concepts from supervisory materials, and review and sanction financial institutions that engage in such practices; these actions apply to banks of all sizes and are aimed at access to services rather than directly at easing regulatory burdens on community banks or changing their competitive standing versus large banks. Another Trump executive order, “Commencing the Reduction of the Federal Bureaucracy,” eliminated federal advisory committees on community banks and credit unions, a move reported by the American Bankers Association that reduces dedicated advisory channels for community institutions and does not obviously empower them competitively. Given that the documented executive actions are broad financial-regulation measures—one of which may incidentally benefit smaller banks but is not targeted at their competitive position, and another that removes an advisory forum for them—the statement that he has taken executive action to reduce regulatory burdens and empower community banks to compete more evenly with larger banks is somewhat overstated in its specificity and intent.
Verdict: Close, because Trump has issued executive actions affecting banking regulation that could indirectly affect community banks, but the claim overstates their clear, specific focus on reducing regulatory burdens and leveling competition for community/small banks compared with large banks.