President Donald Trump could punish banks that have already taken steps to address allegations that they turned away customers for political or religious reasons, according to a draft of his forthcoming executive order on the issue known as debanking that was shared with Semafor.

The Trump administration has drafted an executive order that would direct regulators to fine banks that drop customers for political reasons, The Wall Street Journal reported. According to the draft,

In a CNBC interview Tuesday, Trump expounded on his own experiences with banks after his first term, saying he was denied accounts by JPMorgan Chase and Bank of America and had to go from bank to bank trying to open accounts.