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Rand Paul Offers Amendment to Stop Eric Holder's Operation Choke Point
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Excellent news!
A few weeks ago, we told you about "Operation Choke Point" -- an effort by Attorney General Eric Holder to put gun stores out of business.
Basically, it works like this: The Federal Deposit Insurance Corporation (FDIC), at the behest of Barack Obama, has declared that gun stores are "high risk" businesses. "High risk" businesses have been, up until now, a small category of supposedly disreputable businesses, which have included pornographers, sellers of drug paraphernalia, and payday lenders.
The second step in the process is Eric Holder's Justice Department's "Operation Choke Point." And its function is specifically to choke off any credit or credit card processing for businesses (now including gun dealers) who fall in the "high risk" category.
Already, scores of gun dealers have complained that their banks have cut their credit or otherwise put pressure on them. Three articles detailing this effort to shut down gun dealers may be found <broken link removed>, <broken link removed> and <broken link removed> .
The good news is this: Senator Rand Paul has just filed an amendment to the Science Justice Commerce Appropriations bill which will cut off Obama's efforts to shut down gun stores by drying up their credit.
The Paul language is Amendment 3292 to H.R. 4660.
The appropriations bill is currently on the floor, but we expect the Paul amendment to be considered Friday or Tuesday. If adopted, the Obama administration would be barred from attempting to cut off credit to guns stores – just because they sell guns.
Not a GOA member yet? Make sure to join Gun Owners of America!
Excellent news!
A few weeks ago, we told you about "Operation Choke Point" -- an effort by Attorney General Eric Holder to put gun stores out of business.
Basically, it works like this: The Federal Deposit Insurance Corporation (FDIC), at the behest of Barack Obama, has declared that gun stores are "high risk" businesses. "High risk" businesses have been, up until now, a small category of supposedly disreputable businesses, which have included pornographers, sellers of drug paraphernalia, and payday lenders.
The second step in the process is Eric Holder's Justice Department's "Operation Choke Point." And its function is specifically to choke off any credit or credit card processing for businesses (now including gun dealers) who fall in the "high risk" category.
Already, scores of gun dealers have complained that their banks have cut their credit or otherwise put pressure on them. Three articles detailing this effort to shut down gun dealers may be found <broken link removed>, <broken link removed> and <broken link removed> .
The good news is this: Senator Rand Paul has just filed an amendment to the Science Justice Commerce Appropriations bill which will cut off Obama's efforts to shut down gun stores by drying up their credit.
The Paul language is Amendment 3292 to H.R. 4660.
The appropriations bill is currently on the floor, but we expect the Paul amendment to be considered Friday or Tuesday. If adopted, the Obama administration would be barred from attempting to cut off credit to guns stores – just because they sell guns.
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