Legislation Introduced to Break Administrative Choke Hold on Firearm and Ammunition Vendors

Legislation Introduced to Break Administrative Choke Hold on Firearm and Ammunition Vendors

In January, we reported on encouraging news that the Federal Deposit Insurance Corporation (FDIC) had taken steps to reassure banks that they are not categorically prohibited nor discouraged from servicing customers in the firearms and ammunition industries. Of course, the very fact that this should be considered newsworthy demonstrates just how bad the politically-motivated abuses of federal banking regulators, including but not limited to FDIC and Department of Justice (DOJ), had become. The supposed "enforcement" program at the center of this scandal, Operation Choke Point (OPC), has been the subject of considerable congressional attention. Recently, bills were introduced that seek to put a definitive end to the administration’s squeeze of what it considers "immoral" businesses operating within the law.