“With the new executive order, the anti-gun organizations have one less method of curtailing the rights of Americans. These anti-gun organizations are against discrimination unless it is for political means.”
President Donald Trump signed an executive order banning banks from discriminating against firearms companies, removing one of the tools that previous administrations have used to curtail the rights of Americans to keep and bear arms.
The move comes after years of pressure by anti-gun politicians and groups trying to force banks from doing business with the firearms industry. During the Barack Obama presidential administration, banks were pressured by the United States Department of Justice (DOJ) to drop gun companies or charge them exorbitant rates through the agency’s “Operation Choke Point.”
According to the Wall Street Journal, the DOJ and the Federal Deposit Insurance Corporation (FDIC) would issue “informal” and “unwritten suggestions” to banks to stop doing business with firearms companies. The federal government claimed that firearms dealers were at high risk for fraud and money laundering. These claims were made even though, to purchase a firearm, the buyer must prove their identity and go through a background check.
By John Crump
