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. 

Take Action

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

Take Action Now!

 

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
Dick’s Spends Big on Gun-Chopping, Virtue-Signaling Bonanza (But It Will Still Sell You a Firearm)

News  

Sunday, October 13, 2019

Dick’s Spends Big on Gun-Chopping, Virtue-Signaling Bonanza (But It Will Still Sell You a Firearm)

Ed Stack, the CEO of Dick’s Sporting Goods, wants you to know he’s committed to keeping AR-15s “off the street.” But he’s also committed (for the time being) to selling other types of firearms.

California: Anti-Gun and Anti-Hunting Bill Signed into Law

Monday, October 14, 2019

California: Anti-Gun and Anti-Hunting Bill Signed into Law

Prior to the October 13 deadline, Governor Newsom signed the final anti-gun and anti-hunting bills, AB 1254 and SB 172 into law.  

California: Governor Newsom Signs Anti-Gun Bills into Law

Friday, October 11, 2019

California: Governor Newsom Signs Anti-Gun Bills into Law

Earlier today, Governor Newsom signed the seven anti-gun bills listed below into law.  

Number of Concealed Carry Permit Holders Increased Again

News  

Sunday, October 13, 2019

Number of Concealed Carry Permit Holders Increased Again

Last week, economist John Lott of the Crime Prevention Research Center released “Concealed Carry Permit Holders Across the United States: 2019,” his annual report on the number of concealed carry permit holders in the U.S.

Kamala Harris and Her Perplexing Anti-Gun Ideas

News  

Friday, August 2, 2019

Kamala Harris and Her Perplexing Anti-Gun Ideas

U.S. Senator Kamala Harris (D-Calif.), one of the two-dozen Democrat presidential hopefuls vying to take on President Donald Trump in 2020, has been promoting her anti-gun platform for many months. This isn’t really news, as ...

Member Spotlight: Meet the Police Officer Who Told Congress She ‘Would Not Comply' with a Gun Ban

News  

Friday, October 4, 2019

Member Spotlight: Meet the Police Officer Who Told Congress She ‘Would Not Comply' with a Gun Ban

Last week, a retired Tulsa, Oklahoma law enforcement officer testified in a Congressional hearing that she “would not comply” if Congress passes a ban on firearms. Her bold assertion earned her national media attention and ...

Virginia’s Anti-gun Politicians Put Politics Before Fighting Gun Crime

News  

Sunday, October 13, 2019

Virginia’s Anti-gun Politicians Put Politics Before Fighting Gun Crime

Virginia’s anti-gun politicians are serious about attacking law-abiding gun owners, but are indifferent about actual gun crime. As highlighted in a recent report in the Washington Free Beacon by Stephen Gutowski, the Virginia Department of Justice Services ...

Grassroots Spotlight: NRA-ILA Fighting the Bloomberg Money In Virginia 2019 Elections

News  

Sunday, October 13, 2019

Grassroots Spotlight: NRA-ILA Fighting the Bloomberg Money In Virginia 2019 Elections

The Nov. 5th election may be the most consequential ever for our Second Amendment rights in the Commonwealth. That’s because every seat in the Virginia House of Delegates and Senate is up for grabs and gun control ...

Illinois: Task Force May Ponder More Gun Control

Tuesday, October 15, 2019

Illinois: Task Force May Ponder More Gun Control

The Illinois House Firearm Public Awareness Task Force is scheduled to meet on October 16, 2019. The task force could potentially make policy recommendations with various gun control schemes. %MCEPASTEBIN%

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.

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.