Operation Choke Point was launched by the Justice Department in 2013 as a way to fight fraud by pressuring banks to “choke off” access to credit and other banking services by merchants and industries the administration considered at a high risk for fraud.
Without access to banking services, it is difficult—if not impossible—for a business to survive.
Republicans who have been fighting the program believe the Obama administration abused its power under Operation Choke Point by targeting entire lines of legal industries. Some members view the tactics as “reminiscent of the IRS targeting of conservatives,” as Rep. French Hill, R-Ark., said Thursday on the House floor.
Well that doesn’t say much, clearly they had a reason, right?
In 2011, guidelines created by the Federal Deposit Insurance Corporation (FDIC) labeled firearms and ammunition sellers as “reputational risks,” pinning them alongside pornography and other enterprises like Ponzi schemes and racist materials.
This is why it’s important to vote like a gun owner. Antigun politicians will use any tactic to try to destroy our rights. It’s not just about “common sense safety regulations” and “reducing crime” – it’s about burdensome regulations and a “death of 1000 cuts” approaches to removing the private ownership of firearms.