On Thursday's broadcast of CNBC's "Squawk Box," Sen. Pat Toomey (R-PA) urged banks to avoid constantly weighing in on political disputes that are outside their core business because "having a handful of senior executives somewhere make these decisions for the rest of Americans is certainly undemocratic" and the banks will "end up being treated like a public utility if they go too far down this road." Toomey added that while he doesn't personally support treating banks like utilities, they will likely get backlash from a future Congress if they take it too far.