WASHINGTON, DC – Yesterday, Blaine Luetkemeyer, CEO of the American Consumer and Investor Institute (ACII), sent a letter to Treasury Secretary Scott Bessent supporting President Trump’s Executive Order (EO 14247) shifting federal disbursements from paper checks to electronic payments.
“ACII applauds President Trump’s initiative to modernize U.S. government payments, transitioning from paper checks to electronic methods to reduce costs, delays, fraud, and other inefficiencies,” Luetkemeyer wrote. “When coupled with effective awareness, education, and anti-fraud measures to protect consumers and businesses, this change modernizes the U.S. government’s payment processes, better reflecting real-world practices in the U.S. economy.”
In the letter, Luetkemeyer outlined how moving to electronic payments will bring significant advantages, including better operational efficiency, reduced costs, increased financial inclusion, and improved security and safety. Luetkemeyer also encouraged the Treasury Department to implement a robust public education campaign to support American consumers and businesses during this transition.
“Coupling this transition with robust public education will be critical to its success by preventing confusion and empowering users to navigate the change confidently while protecting against fraud and scams. In addition, the public education campaign should encourage currently unbanked individuals to open bank accounts by offering information on how to open an account and the benefits of having one. … ACII is proud to support President Trump’s Executive Order and looks forward to working with the Treasury Department and the Trump Administration to implement these initiatives for greater access to the U.S. financial market for all Americans,” Luetkemeyer concludes.
Read the full text of the letter HERE.