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Legislation Introduced to Break Administrative Choke Hold on Firearm and Ammunition Vendors

Friday, February 13, 2015

Legislation Introduced to Break Administrative Choke Hold on Firearm and Ammunition Vendors

In January, we reported on encouraging news that the Federal Deposit Insurance Corporation (FDIC) had taken steps to reassure banks that they are not categorically prohibited nor discouraged from servicing customers in the firearms and ammunition industries. Of course, the very fact that this should be considered newsworthy demonstrates just how bad the politically-motivated abuses of federal banking regulators, including but not limited to FDIC and Department of Justice (DOJ), had become. The supposed "enforcement" program at the center of this scandal, Operation Choke Point (OPC), has been the subject of considerable congressional attention. Recently, bills were introduced that seek to put a definitive end to the administration’s squeeze of what it considers "immoral" businesses operating within the law.

On Thursday, Sen. Marco Rubio (R-FL) introduced the Firearms Manufacturers and Dealers Protection Act of 2015. This bill would completely defund, in perpetuity,“Operation Choke Point or any other program designed to discourage the provision or continuation of credit or the processing of payments by financial institutions for dealers and manufacturers of firearms and ammunition.“ The bill expresses Senator Rubio’s strong conviction that “[w]e must stop this administration’s effort to target private industries and the 2nd Amendment rights of law-abiding citizens.”

Sen. Rubio’s bill followed Rep. Blaine Luetkemeyer’s (R-Mo.) re-introduction on February 5 of the Financial Institution Customer Protection Act. This legislation would institute numerous reforms to bring more transparency and accountability to federal oversight of banks, all aimed at preventing the sort of unchecked abuse of discretion at the heart of OPC.

For example, the bill would require regulators that suggest or order a bank to terminate a customer’s account to put the directive in writing, with reference to any specific laws or regulations the enforcement agency believed were being violated. Moreover, no such reason could be based solely on “reputational risk,” the supposed basis for including firearm and ammunition businesses within the scope of OPC’s “high risk” target list. Regulating agencies would also have to submit annual reports to Congress documenting any such requests or orders. Finally, the Act would make important amendments to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, which agencies have cited as authorization for OPC, to clarify the law’s scope so as conclusively to preempt this dubious justification.

On Thursday, Rep. Luetkemeyer published excerpts of a FDIC whistleblower’s letter, which further substantiate the illegitimate ends of OPC. The individual wrote: “I am an employee of the Federal Deposit Insurance Corporation (FDIC). I was proud of my job and the FDIC’s mission before Operation Choke Point. During the past two years, however, we have been told to examine banks much more harshly, if they deal with a class of customers prohibited by Choke Point.” Some may have difficulty believing (or accepting) that the corruption inherent in using regulatory authority to attempt to destroy entire lawful industries could exist in the United States government. As unsettling as that idea may be, it cannot be ignored, and Rep. Luetkemeyer has systematically and courageously exposed and opposed it.

The NRA is grateful for the leadership of Sen. Rubio and Rep. Luetkemeyer on this issue, and encourages you to contact your U.S. Senators and Representative to voice support of the legislation to end OPC.

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Governor Bevin Signs NRA-backed Constitutional Carry

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Monday, March 11, 2019

Governor Bevin Signs NRA-backed Constitutional Carry

The NRA applauds Kentucky Governor Matt Bevin for signing Senate Bill 150 into law, an NRA-backed bill that fully recognizes the constitutional right of law-abiding gun owners to carry a concealed firearm.

Activist Court Turns the Law Designed to Protect the Firearm Industry from Frivolous Lawsuits on its Head

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Friday, March 15, 2019

Activist Court Turns the Law Designed to Protect the Firearm Industry from Frivolous Lawsuits on its Head

On Thursday, the Connecticut Supreme Court created a dangerous new exception to the Protection of Lawful Commerce in Arms Act (PLCAA), a strong safeguard for our right to keep and bear arms.  

Nevada: Omnibus Anti-Gun Bill Introduced, Legislator Bill Introduction Deadline Extended

Monday, March 18, 2019

Nevada: Omnibus Anti-Gun Bill Introduced, Legislator Bill Introduction Deadline Extended

Today, Assembly Bill 291 was introduced by Assemblywoman Sandra Jauregui (D-41).  This omnibus anti-gun legislation is a threat to both gun owners residing in Nevada and those who are visiting. 

Yesterday’s Scandal, Today’s Mandate: Anti-gunner Embraces Operation Choke Point as Official Policy

News  

Wednesday, March 13, 2019

Yesterday’s Scandal, Today’s Mandate: Anti-gunner Embraces Operation Choke Point as Official Policy

On Tuesday, U.S. Rep. Carolyn Maloney (D-NY) unabashedly embraced the tactics behind one of the most shameful policies of the Obama era, openly using the guise of her federal authority to berate and not so ...

Canada’s Senate Holds Hearings on “Rube Goldberg” Gun Control Law, Bill C-71

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Friday, March 15, 2019

Canada’s Senate Holds Hearings on “Rube Goldberg” Gun Control Law, Bill C-71

Last month, the Senate Standing Committee on National Security and Defence (SECD) concluded two days of hearings on Bill C-71, the Liberal government’s gun control bill. (An additional hearing date has been set for March 18, ...

Levi’s Teams with Billionaire Michael Bloomberg to Attack Gun Rights

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Friday, September 7, 2018

Levi’s Teams with Billionaire Michael Bloomberg to Attack Gun Rights

Levi Strauss & Co. established its brand in the mid-19th century by selling durable clothing to working-class Americans. As Levi’s signature jeans gained popularity amongst a wider set in the middle of the last century, ...

Monday, March 18, 2019

Alert! Look Out ALABAMA! Here comes D.J. Parten's Bait & Switch

It looks like D.J. Parten is making a move on Alabama.  We’ve heard that he’s trying to establish himself in another state – Alabama.  So, if you know people in Alabama, forward this email to ...

Colorado: Senate Committee Rapidly Passes “Red Flag” Bill to the Senate Floor With Little Notice

Tuesday, March 19, 2019

Colorado: Senate Committee Rapidly Passes “Red Flag” Bill to the Senate Floor With Little Notice

With less than 12 hours-notice to the public, the Senate Appropriations Committee passed gun control legislation, House Bill 1177, this morning.

Gun Controllers Want Credit Card Companies to Monitor and Restrict Lawful Purchases

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Friday, February 22, 2019

Gun Controllers Want Credit Card Companies to Monitor and Restrict Lawful Purchases

Gun controllers have become increasingly frustrated that their federal agenda has been repeatedly rejected by Americans through their elected representatives, leading them to seek to circumvent the legislative process and restrict gun rights by way ...

Washington: Gun Ban Bills Fail Crossover Deadline

Wednesday, March 13, 2019

Washington: Gun Ban Bills Fail Crossover Deadline

Today, March 13th at 5:00PM, was the cutoff deadline for all bills to be voted out of the chamber in which they originated.

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Established in 1975, the Institute for Legislative Action (ILA) is the "lobbying" arm of the National Rifle Association of America. ILA is responsible for preserving the right of all law-abiding individuals in the legislative, political, and legal arenas, to purchase, possess and use firearms for legitimate purposes as guaranteed by the Second Amendment to the U.S. Constitution.