De Facto bans have been instituted for various items through the control of financial institutions. One of the more effective measures took place to block online gambling. Now the powers that be are looking to similar solutions to block perfectly legal firearms manufacturers, distributors and retailers from easily conducting business. This is not tin foil logic at work, but proven events and measures put forth by various entities that are at this point merely speed bumps.
There are plenty of banks and other processors willing to take the large business put forth by the industry and entities like McMillan Merchant Services have been developed specifically to it is becoming quite clear that through actions given the moniker "Operation Choke Point', the Federal Government is looking for a means to institute a De Facto Ban or in the least create even more hurdles for an industry already inundated with arbitrary measures and taxes leaving customers waiting and/or paying premiums for NFA items. The NSSF has addressed this issue providing further legitimacy to claims that these actions are taking place. We have provided their full release below. We look forward to the NSSF and other organizations working hand in hand with legislators to stop such actions if they persist.
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.