Explore The NRA Universe Of Websites

APPEARS IN News

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.

TRENDING NOW
Obama Says Goodbye to America’s Gun Owners with (a Likely Short-lived) Lead Ammo Ban

News  

Friday, January 20, 2017

Obama Says Goodbye to America’s Gun Owners with (a Likely Short-lived) Lead Ammo Ban

Gun owners knew that Barack Obama would not leave quietly. The only question was what else was coming.  

Your Members of Congress Need to Hear from You on the Hearing Protection Act of 2017

News  

Friday, January 13, 2017

Your Members of Congress Need to Hear from You on the Hearing Protection Act of 2017

On Monday, Sen. Mike Crapo (R-ID) – joined by co-sponsors Sens. Jerry Moran (R-KS) and Rand Paul (R-KY) – introduced S. 59, the Hearing Protection Act of 2017 (HPA). Similar legislation was introduced in the ...

New Hampshire: Constitutional/Permitless Carry Bill Passes Senate!

Thursday, January 19, 2017

New Hampshire: Constitutional/Permitless Carry Bill Passes Senate!

Today, Senate Bill 12, legislation eliminating the requirement to obtain a permit in order to lawfully carry, passed the Senate without amendment, by a 13-10 vote.  SB 12 will now go to the House of ...

Alert: WA State Proposes Draconian Gun Ban Bills

News  

Friday, January 13, 2017

Alert: WA State Proposes Draconian Gun Ban Bills

Inspired, perhaps, by Oscar Wilde (“Moderation is a fatal thing. Nothing succeeds like excess”), Washington State Attorney General Bob Ferguson has announced two new sweeping gun control bills, with Sen. David Frockt (D-Seattle) and Rep. ...

Federal Appeals Court: Chicago Violates Second Amendment … Again

News  

Friday, January 20, 2017

Federal Appeals Court: Chicago Violates Second Amendment … Again

On Wednesday, the U.S. Court of Appeals for the Seventh Circuit found that Chicago had once again violated the Second Amendment, this time with its regulations for gun ranges.

National Concealed Carry Reciprocity Lies and the Lying Liars Who Tell Them

News  

Friday, January 13, 2017

National Concealed Carry Reciprocity Lies and the Lying Liars Who Tell Them

On January 3rd, Congressman Richard Hudson (R-N.C.8th) introduced H.R. 38, the Concealed Carry Reciprocity Act of 2017, which simply allows lawful firearm carriers from any state to carry a concealed firearm in any other state. The bill ...

Gun Owners Welcome Donald J. Trump as President of the United States

News  

Friday, January 20, 2017

Gun Owners Welcome Donald J. Trump as President of the United States

Gun owners across the nation breathed a sigh of relief as Donald J. Trump was sworn in Friday morning as the 45th president of the United States.

New York Times Relies on Gun Prohibitionist Propaganda, Stigmatizes Suicide

News  

Friday, January 20, 2017

New York Times Relies on Gun Prohibitionist Propaganda, Stigmatizes Suicide

In a December 5, 2015, front page editorial, the New York Times finally admitted what discerning readers had long understood – that the paper advocates the prohibition and confiscation of certain types of now-lawfully possessed firearms. ...

Thursday, January 19, 2017

Florida Urgent Alert! Self-defense Bill up in Senate Judiciary on Tuesday 1/24/2017

A critical self-defense bill will be heard by the Senate Judiciary Committee on Tuesday, January 24, 2017, between 2:00-4:00pm.  SB-128 Burden of Proof by Senator Rob Bradley restores the presumption of innocence in self-defense cases ...

Indiana: Legislative Session Begins with Numerous Pro-Gun Bills Filed

Friday, January 13, 2017

Indiana: Legislative Session Begins with Numerous Pro-Gun Bills Filed

With the 2017 Indiana legislative session underway, we are happy to report that a number of pro-gun bills have been filed.

MORE TRENDING +
LESS TRENDING -
NRA ILA

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.