Representative James Comer, the Republican chair of the House Oversight Committee, is investigating claims that financial institutions are unfairly targeting conservatives by denying them services. This follows recent comments by former President Trump at the World Economic Forum, where he criticized bank leaders.

In an interview on "Sunday Morning Futures," Comer told Maria Bartiromo that his committee is looking into "numerous instances" of alleged debanking. He questioned whether these actions are driven by banks' environmental, social, and governance (ESG) policies, government intervention similar to what was observed with social media platforms like Twitter and Facebook, or simply discriminatory practices rooted in liberal policies.

Comer expressed concern about potential government involvement, questioning whether bank examiners might be subtly pressuring banks to refuse service to conservatives. He specifically highlighted instances involving individuals in the energy sector and outspoken conservative activists. The congressman emphasized the importance of determining if ESG policies are leading to discrimination, particularly given existing banking legislation designed to prevent such practices.

Comer stated that banks have been cooperative in past investigations, and he expects similar cooperation in this inquiry. He aims to uncover any potential government involvement and ultimately work towards changing these practices. He clarified that the investigation focuses on the denial of basic banking services like savings and checking accounts, rather than loan applications, which are subject to standard lending practices.