Explore The NRA Universe Of Websites

Legislation Reintroduced to Permanently Dismantle Obama-Era Enforcement Abuse

Friday, May 26, 2017

Legislation Reintroduced to Permanently Dismantle Obama-Era Enforcement Abuse

This week, Rep. Blaine Luetkemeyer (R-MO) reintroduced the Financial Institution Customer Protection Act, a bill aimed at permanently dismantling Operation Choke Point (OCP).  

This Obama era “enforcement” program billed itself as an effort to shut down fraudulent businesses by choking off their access to financial services. But the “high risk” business sectors targeted by the program were not only those that are illegal or exploitative; they also included categories the Obama administration simply found distasteful or immoral. These included businesses within the firearm and ammunition industry. As a result, many lawful businesses operating in good standing suddenly found themselves scrambling to find or keep the banking relationships they need to survive. 

Rep. Luetkemeyer’s legislation would institute numerous reforms to bring more transparency and accountability to federal oversight of banks, all aimed at preventing the sort of unchecked enforcement discretion and twisting of legislative language at the heart of OCP.  

For example, the bill would require regulators that suggest or order a bank to terminate a customer’s account to have a “material reason” for doing so and to put the directive in writing, with reference to any specific laws or regulations the enforcement agency believes are 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. 

The Act would additionally 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 to conclusively preempt this dubious justification.

An identical bill was passed by the U.S. House of Representatives in 2016, before stalling in the Senate.

While gun owners no longer have to fear animosity emanating from the White House and the highest reaches of the U.S. Department of Justice, effects of OCP linger in the financial services sector. Financially sound firearm-related businesses still report difficulty obtaining ordinary services, with banks having abandoned the entire sector after threats of intense regulatory scrutiny for serving these customers.  Rep. Luetkemeyer’s bill would put Congress’ full stamp of authority on the premise that the era of OCP’s targeting of lawful businesses is well and truly over for good.

We thank Rep. Luetkemeyer for his longstanding effort to deal with these abuses and look forward to the day when Obama-era politics no longer hinder the success of America’s firearm industry.  

Please contact your U.S. Representative and ask him or her to cosponsor and support the "Financial Institution Customer Protection Act."  You can call your U.S. Representative at 202-225-3121, or click here to Take Action now.

TRENDING NOW
Washington: Vague Carry Ban and Rehashed Mag Ban Introduced and Scheduled for Hearings Next Week

Thursday, January 21, 2021

Washington: Vague Carry Ban and Rehashed Mag Ban Introduced and Scheduled for Hearings Next Week

Next week, anti-gun legislation, Senate Bill 5078 and Senate Bill 5038, are scheduled for hearings in the Senate Law and Justice Committee. 

“Unity” President Vows to “Defeat” America’s Oldest and Largest Civil Rights Group

News  

Tuesday, January 19, 2021

“Unity” President Vows to “Defeat” America’s Oldest and Largest Civil Rights Group

Biden issued this “pledge” in a January 8 tweet that falsely tried to suggest the men and women of the NRA were somehow implicated in an infamous crime that was committed a decade ago by ...

Florida Alert! Gun Bills Filed in Florida - SO FAR

Friday, January 15, 2021

Florida Alert! Gun Bills Filed in Florida - SO FAR

As Legislators begin to file bills for the 2021 Florida Legislative Session, we are getting questions about various bills due to media reports on gun bills.  Below is a partial list of bills we will ...

President Trump’s Executive Order Expands LEOSA Carry Rights

News  

Thursday, January 21, 2021

President Trump’s Executive Order Expands LEOSA Carry Rights

On January 18th, President Trump signed an “Executive Order on Protecting Law Enforcement Officers, Judges, Prosecutors, And Their Families.” The order aims to provide for more federal law enforcement officers, prosecutors, and judges to be able to ...

ATF Withdraws Pistol Brace “Guidance”

News  

Wednesday, December 23, 2020

ATF Withdraws Pistol Brace “Guidance”

On December 23rd, ATF posted a document to its website indicating that its recently published Objective Factors for Classifying Weapons with “Stabilizing Braces” is withdrawn.

Guide To The Interstate Transportation Of Firearms

Gun Laws  

Thursday, January 1, 2015

Guide To The Interstate Transportation Of Firearms

CAUTION: Federal and state firearms laws are subject to frequent change. This summary is not to be considered as legal advice or a restatement of law.

Kansas: Permit Recognition Legislation to be Considered on Wednesday

Friday, January 22, 2021

Kansas: Permit Recognition Legislation to be Considered on Wednesday

On Wednesday, January 27, the House Committee on Federal and State Affairs is scheduled to consider permit recognition legislation, House Bill 2059. 

Record Amount of Gun Control Legislation Introduced on First Day of Bill Pre-Filing for 2021 Texas Legislative Session

Tuesday, November 10, 2020

Record Amount of Gun Control Legislation Introduced on First Day of Bill Pre-Filing for 2021 Texas Legislative Session

Although the 2021 session of the Texas Legislature convenes on January 12, gun control advocates financed by New York billionaire Michael Bloomberg and Beto "Hell Yeah, I'll Take Your Guns" O'Rourke wasted no time in announcing their ...

Biden to Nominate Anti-Second Amendment Judge Merrick Garland for Attorney General

News  

Thursday, January 7, 2021

Biden to Nominate Anti-Second Amendment Judge Merrick Garland for Attorney General

President-elect Joe Biden announced he will nominate U.S. Court of Appeals for the District of Columbia Circuit Judge Merrick Garland for Attorney General. Biden’s choice of a noted Second Amendment opponent to lead the Department ...

Vermont: Gun Bills Introduced as Legislature Begins Work Remotely

Thursday, January 21, 2021

Vermont: Gun Bills Introduced as Legislature Begins Work Remotely

While the Capitol in Montpelier is atypically quiet for January, the COVID situation has not prevented the Legislature from moving forward with their business.

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.