Bill Introduced To Prevent Banks From Cutting Off Gun Industry

By Tom Knighton

If there’s one depressing thing I do here at Bearing Arms, it’s writing about financial institutions which have unilaterally decided to stop doing business with lawful firearm companies simply because they don’t like the business they’re in. Like many, I’ve been trying to find a reason why this is happening. I can’t believe the entire financial industry is full of anti-gun jihadists and nothing else.

That’s led to some speculation on my part.

However, a bill has now been introduced which seeks to completely eradicate the problem.

In response to banking institutions that have imposed policies against business related to the firearms industry in the wake of the deadly school shooting in Florida earlier in the year, Louisiana Republican Sen. John Kennedy proposed legislation prior the recess that would prohibit the federal government from granting contracts to banks that discriminate against lawful businesses and based only on social policy considerations.

The bill dropped just weeks before a court documents from a lawsuit advanced by payday lenders four years ago, revealed e-mails about the how the Obama administration planned out the now defunct Operation Choke Point—a campaign led by the FDIC that pressured banks to …Read the Rest

Source:: Bearing Arms