Battalions of the regiment were stationed with United States Army Europe in West Germany and was tasked with deterring any Soviet advance through the Fulda Gap.

On 10 August 2005 the 1st Squadron, 32nd Cavalry Regiment was activated as part of the 1st Brigade Combat Team (Bastogne), 101st Airborne Division (Air Assault) at Fort Campbell, Kentucky.

The unit conducted a relief in place with four battalions of the 278th Armored Cavalry Regiment and assumed responsibility for over 18,000 square kilometers of eastern Diyala Province along the Iranian border.

Between 20 May 2006 and 20 July 2006, Task Force Bandit, consisting of 1–32 Cavalry, elements of C/1-68 Armor and A/3-29 Field Artillery and with aviation support from 3rd, 4th and 7th Battalions, 101st Aviation,3/978 MP CO conducted a series of operations against Al-Qaeda and Ansar Al-Sunna safe areas within the isolated terrain along the Diyala River of the Muqdadiyah Qa'da.

These operations denied the enemy sanctuary, rescued over twenty kidnapped civilians, eliminated strategic caches, destroyed vehicle-borne improvised explosive factories and disrupted senior Al-Qaeda and Ansar Al-Sunna leadership and planning.

On 21 September 2007, the 1st Squadron, 32d Cavalry once again departed Fort Campbell, again bound for eastern Diyala Province, Iraq for a 15-month tour as a part of the Iraqi Surge.

During the next twelve months in Salah ad Din Province, 1–32 Cavalry set up numerous Sons of Iraq groups to assist in securing the local population, trained members of the Iraqi Army and National Police and conducted numerous targeted air assault raids against high-value targets throughout their area of operations.

ANSF and TF Bandit seized the objective and conducted follow-on missions in the Mandigal Valley including the clearance of the villages of Badmuk and Bachancha.

On 18 September 2010, TF Bandit enabled the safe completion of parliamentary elections by defending polling sites, securing a main supply route (MSR) and pursuing insurgents attempting to disrupt the electoral process.

ANSF and TF Bandit decisively disrupted a major insurgent network, defeated defending enemy forces, and secured their objectives.

The TF Bandit also devoted 50 projects and $3 million toward development, and treated over 3,000 local national patients In November 2012, the 1st Squadron, 32nd Cavalry Regiment deployed in support of Operation Enduring Freedom as Security Force Advise and Assist Teams, SFAAT, under the command of 1st Brigade Combat Team, Bastogne and 101st Airborne Division (Air Assault).

One of Presley's Army uniforms is on display at the Patton Museum of Cavalry and Armor at Ft. Knox, Kentucky, in a special exhibit called "Sgt.