NEWTOWN, Conn. —-(Ammoland.com)- The National Shooting Sports Foundation (NSSF), the trade association for the firearms, ammunition, hunting and shooting sports industries, today praised U.S. Rep. Blaine Leuktemeyer’s (R-Mo.) legislation that puts an end to an Obama administration effort to deny financial services to businesses solely because they were labeled “high risk,” including firearms-related businesses. The bill, H.R. 2706, the Financial Institution Customer Protection Act, was passed by the U.S. House of Representatives by an overwhelming bipartisan vote of 395 to 2.
“We are deeply appreciative of Congressman Luetkemeyer’s perseverance and commitment to end ‘Operation Choke Point’ once and for all,” said Lawrence G. Keane, Senior Vice President and General Counsel for the National Shooting Sports Foundation. “Congressman Luetkemeyer recognized the essential unfairness and abuse of power inherent in the overreach of the federal financial services regulators involved. 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.”
Operation Choke Point involved the Department of Justice, Federal Deposit Insurance Corporation and other …Read the Rest