Explore The NRA Universe Of Websites

APPEARS IN News

Senators Cruz and Lee Join Fight Against Operation Choke Point

Friday, April 15, 2016

Senators Cruz and Lee Join Fight Against Operation Choke Point

On Wednesday, Sens. Ted Cruz (R-Texas) and Mike Lee (R-Utah) joined forces to introduce legislation to end the Obama administration’s abuse of its regulatory authorities to deprive firearm and ammunition related businesses of access to financial services.  The bill is the Senate companion to Rep. Blaine Luetkemeyer’s (R-Mo.) Financial Institution Customer Protection Act (HR 766), which passed the House with bipartisan support in February.

Like the House bill, the Senate 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 power at the heart of Operation Choke Point (OCP). This
Obama administration “enforcement” program lumped together legal and illegal businesses (including firearm and ammunition sellers) into a “high risk” category and threatened the banks servicing them intense regulatory scrutiny. The goal of OCP was to deter the banks from forming or continuing relationships with the targeted industries, thereby driving them out of business.

Like the House version, the Senate bill would require regulators that suggest or order a bank to terminate a customer’s account to have material reasoning, 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 OCP’s “high risk” target list.

Regulating agencies would also have to submit annual reports to Congress documenting any such requests or orders. Finally, the bill would make important amendments to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, which agencies have cited as authorization for OCP, to clarify the law’s scope so as conclusively to preempt this dubious justification.

“Under President Obama’s reign, the DOJ has abandoned its longstanding tradition of staying out of politics and has instead become a partisan arm of the White House,” Sen. Cruz said in introducing the bill. “The Obama administration initiated Operation Choke Point to punish law-abiding small businesses that don’t align with the President’s political leanings. The DOJ should not be abusing its power by trying to bankrupt American citizens for exercising their constitutional rights.”

Sen. Lee commented, “Our right to bear arms – a right granted by God and protected by the Constitution – is fundamental to the protection of all our other rights. An executive branch bent on taking away this right, through any administrative means necessary, is a danger to all Americans.”

NRA applauds Sens. Cruz and Lee for continuing the good work on this effort begun in the House, and we urge the Senate to complete that job and deliver a strong bill to the president’s desk.

TRENDING NOW
NRA Wins Supreme Court Case, NYSRPA v. Bruen

News  

Second Amendment  

Thursday, June 23, 2022

NRA Wins Supreme Court Case, NYSRPA v. Bruen

The National Rifle Association (NRA) welcomes the Supreme Court’s decision in NYSRPA v. Bruen. The Court affirmed that the right to bear arms does not stop at a person’s front door. This is the most ...

Treachery! White House Moves to Strangle U.S. Ammunition Supply

News  

Thursday, June 16, 2022

Treachery! White House Moves to Strangle U.S. Ammunition Supply

Last night, news broke that the Biden Administration is taking behind-the-scenes steps to further strangle the already constricted market for ammunition in the United States. The move could result in a reduction of the commercial production ...

Supreme Court Gets it Right, Congress Gets it Wrong

Friday, June 24, 2022

Supreme Court Gets it Right, Congress Gets it Wrong

On Thursday, SCOTUS released a historic decision in the NYSRPA v. Bruen case when they found the Second Amendment protects the right of law-abiding Americans to carry a firearm outside of the home. Despite the hysteria from ...

NRA Announces Opposition to Senate Gun Control Legislation

News  

Tuesday, June 21, 2022

NRA Announces Opposition to Senate Gun Control Legislation

This legislation can be abused to restrict lawful gun purchases, infringe upon the rights of law-abiding Americans, and use federal dollars to fund gun control measures being adopted by state and local politicians.

Delaware: Gun & Mag Bans Going to Gov. Carney

Friday, June 17, 2022

Delaware: Gun & Mag Bans Going to Gov. Carney

Last night, the House passed Senate Bill 6, to ban many standard capacity magazines in common use, sending it to Governor John Carney’s desk. The Senate passed House Bill 450, to ban many commonly-owned firearms, and ...

Federal Judge Rules Against New Jersey and In Favor of Retired Officers In LEOSA Case.

Wednesday, June 22, 2022

Federal Judge Rules Against New Jersey and In Favor of Retired Officers In LEOSA Case.

Back in 2020, a coalition of retired federal law enforcement officers and the Federal Law Enforcement Officers Association sued the state of New Jersey for not honoring their carry rights under the Law Enforcement Officer ...

Trudeau Ramps Up War on Lawful Gun Owners

News  

Monday, June 20, 2022

Trudeau Ramps Up War on Lawful Gun Owners

At the end of May – two years after his unilateral imposition of an “assault weapons” ban – Prime Minister Justin Trudeau’s government introduced Bill C-21, a bill that proposes many firearm-related changes, the most significant of which is a ...

Senate Gun Control Package Creates De Facto Waiting Periods

News  

Wednesday, June 22, 2022

Senate Gun Control Package Creates De Facto Waiting Periods

Most law-abiding Americans over the age of 18 enjoy the right to purchase a firearm from a Federal Firearms Licensee (FFL or gun dealer) following an instant background check through the FBI’s National Instant Background ...

Gun Control Package Passes U.S. Senate; House Vote Imminent

Thursday, June 23, 2022

Gun Control Package Passes U.S. Senate; House Vote Imminent

On Thursday, the U.S Senate passed a sweeping package of gun control measures. The text of the legislation was only unveiled Tuesday evening. And while much of the 80-page bill did indeed seek to address ...

The So-called “Boyfriend Loophole” is About Undermining the Second Amendment

News  

Tuesday, June 21, 2022

The So-called “Boyfriend Loophole” is About Undermining the Second Amendment

At present, federal law generally bars anyone who is convicted in any court for a domestic violence felony, or any felony for that matter, from possessing firearms. But federal law also imposes a lifetime firearm possession prohibition on ...

MORE TRENDING +
LESS TRENDING -

More Like This From Around The NRA

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.