Explore The NRA Universe Of Websites

APPEARS IN News

Pro-Gun Senators Urge Regulators to Protect Firearm Businesses from Discrimination

Monday, May 4, 2020

Pro-Gun Senators Urge Regulators to Protect Firearm Businesses from Discrimination

Recently, Sen. Kevin Cramer (R-ND) and 18 of his pro-gun colleagues in the U.S. Senate called upon the U.S. Treasury, Federal Reserve, and Small Business Administration (SBA) to protect law-abiding firearm businesses against political discrimination from banks and other financial institutions that administer the recently-enacted COVID-19 SBA loan programs.

In a letter dated April 28th, the Senators wrote: “[a] vocal but small minority has weaponized federally-backed banks against politically disfavored businesses that operate in good faith and compliance with the law, by denying them financial services based on political reasons that have nothing to do with creditworthiness. This includes the firearms and ammunition…industries.” They continued, “we are concerned the nation’s largest financial institutions will use participation in the Paycheck Protection Program and other SBA recovery loan programs to further financial discrimination policies against selected segments of the economy, based on their social policy and in opposition to SBA eligibility regulations.”

Their concerns are certainly justified, as we have long been reporting (see here, here and here) that some of the largest banks and financial institutions in the country have adopted corporate gun-control policies with the goal of preventing law-abiding Americans and businesses from exercising their constitutional rights. We’ve also recently witnessed financial relief programs specifically excluding all firearm businesses from eligibility. Many of the same institutions that discriminate against lawful firearm activity are now the clearinghouses for the COVID-19 SBA loan programs, reportedly picking up billions of taxpayer dollars for processing fees along the way.

The Senators’ letter also requests that the federal regulators provide clarity on how relief funds are being distributed in an unbiased manner, what directives are provided to the financial institutions about eligibility for lawful industries, and how conflicts between banks’ corporate gun-control policies that contradict SBA loan program eligibility are resolved.

Senator Cramer has been at the forefront of this issue as a member of the U.S. Senate Banking Committee, which has jurisdiction over matters related to banks and financial institutions. In addition to spearheading this letter, he has also introduced the Freedom Financing Act, legislation that would prohibit this type of discrimination against the firearms industry.

"Financial institutions are using exclusionary politics to attack the Second Amendment and discriminate against law-abiding firearm businesses,” said NRA-ILA executive director Jason Ouimet. “We thank Senator Cramer and his colleagues for their leadership on this important issue."

TRENDING NOW
DHS “Misinformation Governance Board” Could Seek to Sway Gun Debate

News  

Monday, May 16, 2022

DHS “Misinformation Governance Board” Could Seek to Sway Gun Debate

In late April, Alejandro Mayorkas, Secretary of the Department of Homeland Security (DHS), made a bizarre announcement during a congressional hearing that DHS was forming what it called a “Mis- and Disinformation Governance Board.” The statement came ...

Follow the Science, Unless it Leads Where You Don’t Want to Go

News  

Monday, May 16, 2022

Follow the Science, Unless it Leads Where You Don’t Want to Go

Researchers in California have published the results of a study evaluating the effectiveness of so-called “gun violence restraining orders” (a.k.a. “extreme risk protection orders” or “red flag” orders). Assembly Bill 1014, was enacted in California in ...

Illinois: General Assembly Passes “Ghost Gun” Ban

Monday, April 11, 2022

Illinois: General Assembly Passes “Ghost Gun” Ban

On Friday, the House Judiciary Committee held a subject matter hearing on House Bill 4383 Senate Floor Amendment 2, to ban individuals from making their own firearms for personal use, and voted to advance the measure. ...

NRA Achieves Historical Milestone as 25 States Recognize Constitutional Carry

News  

Friday, April 1, 2022

NRA Achieves Historical Milestone as 25 States Recognize Constitutional Carry

Half the country will now enjoy the freedom to carry a handgun for self-defense without a permit from the state thanks to the tireless efforts of men and women of the National Rifle Association. 

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.

New Jersey: “Mandatory Jail” Bill Scheduled for Senate Hearing Thursday

Wednesday, May 18, 2022

New Jersey: “Mandatory Jail” Bill Scheduled for Senate Hearing Thursday

Tomorrow at 10:00 a.m., the Senate Law & Public Safety Committee is scheduled to consider S.513, legislation which would create a rebuttable presumption of no bail for gun offenses.

Georgia: Gov. Kemp Signs Constitutional Carry

Tuesday, April 12, 2022

Georgia: Gov. Kemp Signs Constitutional Carry

Today, Governor Brian Kemp signed Senate Bill 319, constitutional carry, into law. Georgia is now the 25th constitutional carry state, and the fourth to join that group in 2022. Half of the country now recognizes the right ...

Guide To The Interstate Transportation Of Firearms

Gun Laws  

Monday, June 30, 2014

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.

President Donald J. Trump to Address NRA Members at the 2022 NRA Annual Meetings and Exhibits in Houston, Texas

News  

Thursday, May 12, 2022

President Donald J. Trump to Address NRA Members at the 2022 NRA Annual Meetings and Exhibits in Houston, Texas

Former President Donald J. Trump will headline the 2022 NRA-ILA Leadership Forum on May 27, at the George R. Brown Convention Center in Houston.

NRA-ILA Spring 2022 Litigation Newsletter

News  

Friday, May 13, 2022

NRA-ILA Spring 2022 Litigation Newsletter

NRA-ILA’s Office of Litigation Counsel has been busy fighting for our members’ rights in courtrooms across the country. ILA has filed new cases, continued the fight in many existing cases, and scored some good wins. ...

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.