All Boards => Current Events => Topic started by: D2D on 02 07, 16, 05:41:50:PM



Title: Legislating the death of Operation Choke Point!
Post by: D2D on 02 07, 16, 05:41:50:PM
On Thursday, a bi-partisan majority of the U.S. House of Representatives passed
H.R. 766, the ‘‘Financial Institution Customer Protection Act of 2015
 (http://javascript:void(0)),” sponsored by Rep. Blaine Luetkemeyer (R-MO).
As we reported last year
 (https://www.nraila.org/articles/20150213/legislation-introduced-to-break-administrative-choke-hold-on-firearm-and-ammunition-vendors), this bill targets the abuses of Operation Choke Point (OCP), an Obama administration “enforcement” program that lumped together legal and illegal businesses into a “high risk” category and threatened the banks with intense regulatory scrutiny. The goal of OCP was to deter the banks from forming or continuing relationships with the targeted industries, thereby driving them out of business. Included on this list were firearm and ammunition sellers, many of whom found themselves struggling to find or keep banking relationships as a result of the program.
Rep. Luetkemeyer’s legislation would institute numerous reforms to bring more transparency and accountability to federal oversight of banks, all aimed at preventing the sort of unchecked enforcement discretion and twisting of legislative language at the heart of OCP.
For example, the bill would require regulators that suggest or order a bank to terminate a customer’s account to put the directive in writing, with reference to any specific laws or regulations the enforcement agency believed were being violated. Moreover, no such reason could be based solely on “reputational risk,” the supposed basis for including firearm and ammunition businesses within the scope of OCP’s “high risk” target list.


https://www.nraila.org/articles/20160205/bill-aimed-at-ending-operation-choke-point-passes-house

I wonder how liberals would feel if a Republican president ordered Operation Choke Point against Planned Parenthood!


Title: Re: Legislating the death of Operation Choke Point!
Post by: HK91-762mm on 02 07, 16, 07:35:06:PM
Skank of America is one of the biggest offenders of this shit !!


Im wondering if they  could target my wifes massage Business--being that many of them do naughty things and fold in 4 months