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
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 ...

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. 

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.

Utah: House Judiciary Committee Passes Permitless Carry Legislation!

Saturday, January 23, 2021

Utah: House Judiciary Committee Passes Permitless Carry Legislation!

On January 22nd, the Utah House Judiciary Committee passed House Bill 60 on an 8 - 3 vote. 

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 ...

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.