Lee’s note: This is disturbing, and I think Operation Choke Point is poised for the same level of notoriety as Operation Fast and Furious.
It appears the financial sector is being pressured by the federal government to disassociate itself from gun and ammunition manufacturers.
NSSF Issues Statement on ‘Operation Choke Point’
NEWTOWN, Conn. — The National Shooting Sports Foundation (NSSF) today issued the following statement:
The National Shooting Sports Foundation has been investigating the possible role of the federal government in influencing banks in their lending and business banking relationship decisions regarding companies in our industry. We have heard from several industry members that they had banking relationships terminated by their lending institutions.
We respect the right of financial institutions to make business decisions based on objective criteria. It is unacceptable, however, to discriminate against businesses simply because they are engaged in the lawful commerce of firearms, an activity protected by the Second Amendment.
NSSF staff has met with members of the House Financial Services Committee and members of the Oversight and Government Reform Committee concerning several documents that have surfaced from the FDIC labeling companies in the firearms and ammunition industry as “high risk.”
As a result, we have worked with U.S. Rep. Blaine Luetkemeyer (R-MO) and expect that he will offer today an amendment to the FY15 Commerce, Justice, Science and Related Agencies Appropriations Bill, which would prevent federal funds from being used as part of “Operation Choke Point” or in any effort targeting companies involved in the lawful commerce in firearms.
We will continue to investigate the extent of any improper government involvement and will update our members as more information becomes available.
The National Shooting Sports Foundation is the trade association for the firearms industry. Its mission is to promote, protect and preserve hunting and the shooting sports. Formed in 1961, NSSF has a membership of more than 10,000 manufacturers, distributors, firearms retailers, shooting ranges, sportsmen’s organizations and publishers. For more information, visit www.nssf.org.