Explore The NRA Universe Of Websites

APPEARS IN News

Releasing The Gun Industry From Obama’s Operation Choke Point

Thursday, June 1, 2017

Releasing The Gun Industry From Obama’s Operation Choke Point

The Obama administration perfected the use of government agencies against political enemies with Operation Choke Point. OCP was just as insidious as the IRS Tea Party targeting scandal because innocent victims couldn’t escape the ramifications of the government’s illegal actions against them. The Department of Justice utilized the banking industry to “choke off” the ability of certain “fraudulent” businesses in “high-risk” sectors to operate by cutting off their access to financial services.

Businesses that were ill thought of or believed to operate as conduits for consumer exploitation were targeted as high risk. Think payment processors and payday lending operators, the types of firms that are often accused of stiffing their hard-working customers through unfair business practices. Sounds good, right?

Not so fast. The criteria were set by the tastes and dictates of the president and hewed to his ideology without fail.

Consequently, the gun industry found itself in the crosshairs, with many banking relationships suddenly cut off without notice or explanation. Gun control activists operating within the federal bureaucracy had the ability to drive legitimate Second Amendment-affiliated companies, such as those selling guns and ammunition, to ground. 

American Spirit Arms based in Arizona was the recipient of rough treatment through its financial institution, Bank of America. The company’s accounts and assets were frozen under suspicion that it was selling firearms online without conducting federally mandated background checks. Under closer inspection, American Spirit Arms was found to be completely within the law: Every firearm bought online through its website was shipped to a Federal Firearm License holder. Each FFL holder was then responsible for conducting the background check before completing the sale. Not only is this legal, it debunks the widely held leftist trope that any crazy nut can buy a gun online without having a background check.

Based in Arizona, American Spirit Arms was just one firearm-related company victimized; others, in Florida and Nevada, also had assets frozen and accounts terminated without explanation. Sharing their plight on Facebook prompted thousands more impacted in the same way to speak out, garnering a ton of media attention. 

The U.S. House of Representatives voted to defund OCP in February 2016, but the measure failed to clear the Senate. Consequently, the remnants of its destructive powers remain available to activists within the government who are hell-bent on going beyond its original mandate by seeking “to destroy three sectors of the private lending industry: third party payment processors (“TPPPs”), payday lenders and online lenders.”

Enter U.S. Rep. Blaine Luetkemeyer, R-Mo., with his bill to end this abuse of government power through the Financial Institution Customer Protection Act. Since 2014, Luetkemeyer has pushed to end OCP and create needed reforms to prevent this type of illegal activity from happening again. The FICPA amends the Financial Institutions Reform, Recovery and Enforcement Act of 1989 to ensure it can no longer be used to justify using the financial industry to destroy businesses certain government officials don’t like. Additional changes in the language would amend FIRREA to prevent further abuses.

If this legislation becomes law, in order for a bank to terminate a customer’s account, it would have to specify a quantifiable reason for the closure. The financial institution would be required to provide the reasons in writing and refer directly to the laws being broken; so called “reputational risk” would not be enough to end a relationship. Luetkemeyer’s bill is necessary to return gun industry businesses to normalcy with the banking sector, as some banks have stopped transacting with 2A firms altogether. Banks need legal assurances that there is no extra regulatory burden associated with such companies.

Luetkemeyer is strongly advocating for passage of FICPA. “Although there is a new administration and Department of Justice in place, this legislation is necessary to ensure that no future administration will have the opportunity to negatively impact individuals and legal businesses through this unprecedented initiative,” Leutkemeyer said. “We must continue to demand greater transparency and end the practice of allowing government bureaucrats to use personal and political motivations to block financial services to licensed, legally operating businesses.”

I couldn’t agree more. The bill needs co-sponsors and a full-court press in the media to give it the national attention it deserves so it can successfully roll back the misguided policies put in place by the last administration. It’s ironic when we consider that one of the things former President Obama is most known for is being the best gun salesman this country has ever known—in spite of his very best efforts to the contrary.

BY Stacy Washington

Stacy Washington is a decorated Air Force veteran, Emmy-nominated TV personality and host of nationally syndicated radio program “Stacy on the Right,” based in St. Louis. She loves God, guns, and is a member of the NRA, obviously.

TRENDING NOW
Concealed Carry Reciprocity Passes U.S. House of Representatives!

News  

Thursday, December 7, 2017

Concealed Carry Reciprocity Passes U.S. House of Representatives!

In a resounding show of support for the Second Amendment, the U.S. House of Representatives on Wednesday passed a legislative package that included H.R. 38, the Concealed Carry Reciprocity Act of 2017, and H.R. 4477, ...

House Passes Concealed Carry Reciprocity

News  

Wednesday, December 6, 2017

House Passes Concealed Carry Reciprocity

The National Rifle Association applauded the United States House of Representatives on Wednesday for passing the most far-reaching expansion of self-defense rights in modern American history. The National Concealed Carry Reciprocity Act of 2017 passed ...

NRA Statement on Passage of the National Defense Authorization Act

News  

Tuesday, December 12, 2017

NRA Statement on Passage of the National Defense Authorization Act

National Rifle Association Institute for Legislative Action executive director, Chris W. Cox, released the following statement on Tuesday regarding President Donald Trump's signature on the National Defense Authorization Act

Kicking a Gift Horse in the Teeth

News  

Thursday, December 7, 2017

Kicking a Gift Horse in the Teeth

As we approach the Christmas season and the start of a new year, many of us look for ways to assist the needy and brighten the holidays for those less fortunate. It’s no coincidence that ...

Victory in D.C.! Shall-Issue Concealed Carry Coming to the Nation’s Capital

News  

Monday, November 20, 2017

Victory in D.C.! Shall-Issue Concealed Carry Coming to the Nation’s Capital

In a stunning development, District of Columbia officials decided in October that they would not appeal a decision by the U.S. Court of Appeals for the D.C. Circuit concerning the District’s discretionary concealed carry licensing ...

Burlington Police Chief Puts New York Politicians Before Vermonters

News  

Thursday, December 7, 2017

Burlington Police Chief Puts New York Politicians Before Vermonters

As H.R. 38, the Concealed Carry Reciprocity Act of 2017, comes closer to becoming law, the arguments against the legislation are increasingly strained. There are disingenuous appeals to federalism by those who would happily burden firearms owners under ...

U.S. House of Representatives to Vote on H.R. 38, the Concealed Carry Reciprocity Act, Next Week

News  

Friday, December 1, 2017

U.S. House of Representatives to Vote on H.R. 38, the Concealed Carry Reciprocity Act, Next Week

In a huge win for Second Amendment supporters, the U.S. House Judiciary Committee on Wednesday held a mark-up of H.R. 38, the Concealed Carry Reciprocity Act, and favorably reported an amended version of the bill to the full House. 

Thursday, December 7, 2017

Florida Action Report: Florida Carry cuts off its nose to spite its face – AGAIN

Once again Florida Carry, Inc. has demonstrated a lack of concern for Concealed Weapons and Firearms License holders.  License holders continue to be abused by law enforcement, prosecutors and the courts.  When firearms, that are ...

Rosie O’Donnell and Kim Kardashian West Aren’t Entirely Against Guns, Just You Having Them

News  

Friday, December 1, 2017

Rosie O’Donnell and Kim Kardashian West Aren’t Entirely Against Guns, Just You Having Them

In the late 1990s and early 2000s no celebrity pushed gun control more than comedienne and actress Rosie O’Donnell. Longtime NRA supporters will remember the famous incident in 1999 where the arch-gun control supporter ambushed actor and ...

FACT CHECK: Rep. Thomas Massie Spreading Misinformation About Comprehensive Self-Defense Legislation Pending in Congress

News  

Tuesday, December 5, 2017

FACT CHECK: Rep. Thomas Massie Spreading Misinformation About Comprehensive Self-Defense Legislation Pending in Congress

In a recent Facebook Post, Congressman Thomas Massie (KY-4) included several inaccurate statements about H.R. 4477, the Fix-NICS bill. Below are some facts to set the record straight:

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.