Tag Archive: Congress targets federal ‘chokehold’ on gun sellers

Congress targets federal ‘chokehold’ on gun sellers

Congress targets federal ‘chokehold’ on gun sellers Justice scheme likened to ‘old Soviet Union or Venezuela’ Lawmakers on Capitol Hill are taking to task the Federal Deposit Insurance Corporation and its involvement with Operation Choke Point, the federal program that lets banks deny business to outlets that deal in guns and ammunition. The FDIC is the main agency in charge of regulating the nation’s 4,500 or so banks and financial institutions. Critics of the program say it’s an underhanded way of dinging the Second Amendment without having to go through Congress because it hits at the lifeline of certain businesses… View Article