Welcome, Guest. Please login or register.
Did you miss your activation email?
03 28, 24, 07:56:00:PM

Login with username and password

Biden Does NOT need a BILL to close the border
He only needs a PEN. Thats all he needed to open it.
Thats all he needed to close it. Thats all Trump needed.
Maybe this is just Proof Trump is better than Biden.

Search:     Advanced search
2653581 Posts in 297940 Topics by 306 Members
Latest Member: chachamukhtar
* Website Home Help Login Register
 |  All Boards  |  Current Events  |  Topic: US Rep. Blaine Luetkemeyer of Missouri does the right thing! 0 Members and 1 Guest are viewing this topic.
Pages: 1  Print
Author Topic: US Rep. Blaine Luetkemeyer of Missouri does the right thing!  (Read 53 times)
D2D
Republicans believe every day is the fourth of July! Democrats believe every day is April 15!
Sr. Member

Posts: I am a geek!!

#SayHisName Cannon Hinnant


« on: 05 27, 17, 07:29:37:PM » Reply

This week, Rep. Blaine Luetkemeyer (R-MO) reintroduced the Financial Institution Customer Protection Act, a bill aimed at permanently dismantling Operation Choke Point (OCP). 

This Obama era “enforcement” program billed itself as an effort to shut down fraudulent businesses by choking off their access to financial services. But the “high risk” business sectors targeted by the program were not only those that are illegal or exploitative; they also included categories the Obama administration simply found distasteful or immoral. These included businesses within the firearm and ammunition industry. As a result, many lawful businesses operating in good standing suddenly found themselves scrambling to find or keep the banking relationships they need to survive.

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 have a “material reason” for doing so and to put the directive in writing, with reference to any specific laws or regulations the enforcement agency believes are 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.

Regulating agencies would also have to submit annual reports to Congress documenting any such requests or orders.
The Act would additionally make important amendments to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 – which agencies have cited as authorization for OCP – to clarify the law’s scope so as to conclusively preempt this dubious justification.

An identical bill was passed by the U.S. House of Representatives in 2016, before stalling in the Senate.
While gun owners no longer have to fear animosity emanating from the White House and the highest reaches of the U.S. Department of Justice, effects of OCP linger in the financial services sector. Financially sound firearm-related businesses still report difficulty obtaining ordinary services, with banks having abandoned the entire sector after threats of intense regulatory scrutiny for serving these customers.  Rep. Luetkemeyer’s bill would put

Congress’ full stamp of authority on the premise that the era of OCP’s targeting of lawful businesses is well and truly over for good.

We thank Rep. Luetkemeyer for his longstanding effort to deal with these abuses and look forward to the day when Obama-era politics no longer hinder the success of America’s firearm industry. 

Please contact your U.S. Representative and ask him or her to cosponsor and support the "Financial Institution Customer Protection Act." You can call your U.S. Representative at 202-225-3121, or
click here to Take Action now
.

https://www.nraila.org/articles/20170526/legislation-reintroduced-to-permanently-dismantle-obama-era-enforcement-abuse
D2D
Republicans believe every day is the fourth of July! Democrats believe every day is April 15!
Sr. Member

Posts: I am a geek!!

#SayHisName Cannon Hinnant


« Reply #1 on: 05 27, 17, 08:13:38:PM » Reply

Choke point is unconstitutional but Democrats and the Great Bureaucracy keep it going!
dont-blameme
Contributor
Sr. Member

Posts: 75675


« Reply #2 on: 05 27, 17, 08:53:14:PM » Reply

The more we know about today's democrats and their supporters the more they start to favor the  National socialist German workers party, better known as the Nazi Party. Instead of brown shirts it's black dress today, and the Right and Republican Party has become the Jews!
captain_kook
Laughing at the right-wingrrrr corporate-front-Tea Party-GOP-TalkRadio Cult! Yes - YOU!
Sr. Member

Posts: 26075


« Reply #3 on: 05 28, 17, 10:03:32:AM » Reply

I just KNEW that this would turn out to be the WRONG thing.






On June 26, 2014, Luetkemeyer introduced H.R.4986,
that would end the controversial Operation Choke Point[7]
which was designed to limit the activities of money launderers,
but has come under criticism for alleged abuse.[8]

Later, on November 20, 2014, in a further effort to end Operation Choke Point,
Luetkemeyer introduced additional legislation
that would require federal banking agencies to put in writing
any suggestion or order to terminate a customer’s banking account.
https://en.wikipedia.org/wiki/Blaine_Luetkemeyer


Here are some of the business activities covered by Choke Point
and that the Congressman wants to protect:


  • Ammunition Sales
  • Cable Box De-scramblers
  • Coin Dealers
  • Credit Card Schemes
  • Credit Repair Services
  • Dating Services
  • Debt Consolidation Scams
  • Drug Paraphernalia
  • Escort Services
  • Firearms Sales
  • Fireworks Sales
  • Get Rich Products
  • Government Grants
  • Home-Based Charities
  • Life-Time Guarantees
  • Life-Time Memberships
  • Lottery Sales
  • Mailing Lists/Personal Info
  • Money Transfer Networks
  • On-line Gambling
  • Pawn Shops
  • Payday Loans
  • Pharmaceutical Sales
  • Ponzi Schemes
  • Pornography[9]
  • Pyramid-Type Sales
  • Racist Materials
  • Surveillance Equipment
  • Telemarketing
  • Tobacco Sales
  • Travel Clubs
https://en.wikipedia.org/wiki/Operation_Choke_Point
Pages: 1  Print 
 |  All Boards  |  Current Events  |  Topic: US Rep. Blaine Luetkemeyer of Missouri does the right thing!
Jump to:  

AesopsRetreat Links


AesopsRetreat
YouTube Channel



Rules For Radicals.



2nd Amendment Source



5 minute Education




Join Me at KIVA
My Kiva Stats


Truth About
Slaves and Indians




r/K Theory




White Privilege




Conservatives:
What Do We Believe


Part 1:
Small Govt & Free Enterprise

Part 2:

The Problem with Elitism

Part 3:
Wealth Creation

Part 4:
Natural Law



Global Warming Scam



Lend a hand


Powered by MySQL Powered by PHP © AesopsRetreat
Powered by SMF 1.1.11 | SMF © 2006-2009, Simple Machines LLC
Valid XHTML 1.0! Valid CSS!
Page created in 0.117 seconds with 29 queries.