Rep. Ayanna Pressley (D-MA) has penned a letter to the CEOs of the country’s biggest banks asking them to provide updates on the racial equity commitments they made following the killing of George Floyd.

After Floyd's death in June 2020, a wave of activism spread, and businesses across the country, including the big banks, reacted by pledging funding and action toward promoting racial equity and commitments to new diversity initiatives. Some of the commitments entailed billions of dollars, and Pressley is now calling for the bank executives to account for those vows.

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“As the CEO of one of the five largest banks in the nation, you play a key role in determining which individuals and communities have access to economic opportunity. Your prior statements and pledge are welcome steps, but there needs to be greater transparency,” she wrote to the CEOs of JPMorgan Chase, Citigroup, Bank of America, U.S. Bancorp, and Wells Fargo.

In the letters, the “Squad” member highlights that this year marks the 60th anniversary of the March on Washington. She also accused banks of historically benefiting from “systemic racism” and being “lead actors in the discrimination, exploitation, and degradation of Black communities in particular.”

“As one of the five largest banks in the United States, it is critical that your financial power is used to rectify the wrongdoing and heal the very communities harmed by the historical and contemporary role that institutions such as yours have played and continue to play in perpetuating racial inequities,” Pressley wrote.

The banks in question made major commitments back in 2020. For instance, JPMorgan Chase, helmed by longtime CEO Jamie Dimon, pledged $30 billion over a five-year stretch.

“Systemic racism is a tragic part of America’s history,” Dimon said in a statement at the time. “We can do more and do better to break down systems that have propagated racism and widespread economic inequality, especially for Black and Latinx people.”

Some of the funds were allocated to help with affordable housing and originate an additional 40,000 home purchase loans for black and Hispanic households. JPMorgan also vowed to provide loans to small businesses in minority communities and accelerate workplace diversity.

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Pressley requested that each of the big banks provide a “comprehensive financial audit report” by Oct. 23. She said that the reports should include detailed descriptions of the progress on the firms’ racial equity commitments and future plans tied to the pledges.

The Washington Examiner reached out to the banks for comment.