The National Shooting Sports Foundation released some great news. Not only did the Federal Deposit Insurance Corporation acknowledge wrongdoing with regards to discouraging banks from doing business with gun shops, but that the FDIC was going to cease the arbitrary and unconstitutional actions against law-abiding merchants.
Operation Choke Point was supposed to be use to combat money laundering by unlawful businesses, the Obama regime used the program to target businesses they deemed undesirable, such as gun shops.
U.S. Rep. Blaine Luetkemeyer (R-Mo.) released a statement after a meeting with Federal Deposit Insurance Corporation Chairman Martin Gruenberg and Vice Chairman Tom Hoenig discussing the agency’s involvement in Operation Choke Point.
Today, the Congressman told NSSF, “After a year of mounting pressure from Congress and outside organizations like the National Shooting Sports Foundation, top officials from the Federal Deposit Insurance Corporation finally acknowledged their involvement and wrongdoing in Operation Choke Point. While I am very pleased the FDIC will put in place new polices and change the culture at the agency, there is still work to be done, specifically with the Department of Justice. I am pleased the National Shooting Sports Foundation supports my legislation, the Financial Institution Customer Protection Act, and I have no doubt the foundation will remain steadfast in educating its members and continuing the fight in ending Operation Choke Point once and for all.”