Sen. Cynthia Lummis (R-WY) told Breitbart News in an exclusive statement Thursday that Saule Omarova, President Joe Biden’s Comptroller of the Currency nominee, and others that believe bitcoin is a threat to national security are “scared” of relinquishing control over Americans.
Biden’s OCC nominee refused to pledge not to allow a repeat of the notorious Obama administration Operation Choke Point’s politicization of bank services.
Sen. Kevin Cramer (R-ND) plans to put forward legislation containing a rule to protect access to financing for the gun industry and oil companies.
Nineteen Republican Senators signed a letter to Treasury Sec. Steve Mnuchin, alerting him to the possibility that financial institutions may use recovery funds to target gun companies.
On February 19 the New York Times suggested banks can go around Congress on gun control by refusing finances to stores and companies that deal in “assault weapons.”
On July 13 Rep. Jim Jordan (R-OH-4) questioned Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg and suggested the application of “high risk” categorization to gun sellers screams Operation Choke Point.
The House of Representatives passed the Financial Institution Customer Protection Act on Thursday by a vote of 250-169.
While some optimistic members of Congress have recently claimed that Operation Choke Point is winding down, out in the real world small business owners like Brian Lynn are learning otherwise.
Tuesday’s subcommittee hearing on Operation Choke Point is likely to be just the beginning of even stronger efforts by members of Congress to call executive agencies to account for their ongoing abuses of power as part of Operation Choke Point. Whether Congress will choose to exercise its constitutional authority and fire out-of-control executive bureaucrats as a first step in reasserting its legitimate powers remains to be seen.
The Consumer Financial Protection Bureau seems to be playing a much larger role in the Obama administration’s Operation Choke Point these days. But you wouldn’t know that from the gentle questioning of CFPB Director Richard Cordray on Capitol Hill.
Who’s holding the watchdogs accountable? The head of the CFPB shoots down a Congressmember’s question about his agency’s lavish spending. “Why does that matter to you?”
The Obama Administration’s “Operation Choke Point” is being used to target yet another legal industry: the tobacco industry.
Senators are already lining up their questions for Loretta Lynch, President Obama’s nominee to replace Eric Holder as Attorney General.
The threat Operation Choke Point poses to the Second Amendment has been real on paper without being tangible for quite some time. Now, however, with at least one gun store owner talking about the pressure brought to bear against his business by
Rep. Sean Duffy (R-WI) confirms that Congress will hold hearings on Operation Choke Point in February. Sources tell Breitbart News that Representative Duffy may not be the only Congressional committee chairman who will hold hearings on the Obama administration’s controversial Operation Choke Point.
The President of Heritage Credit Union is denying that the National Credit Union Administration forced it to shut down a Wisconsin gun dealer’s bank account. But Brian Wise, senior adviser to the United States Consumer Coalition, says the blame lies squarely on the shoulders of the National Credit Union Administration and the Obama administration’s Operation Choke Point.
A gun dealer in Hawkins, Wisconsin says the federal government forced the Heritage Credit Union to close his recently opened bank account because he’s in the business of legally selling guns. The United States Consumer Coalition calls this just the latest example of the extralegal overreach of Operation Choke Point, the Obama administration’s effort to put industries it doesn’t like–especially gun dealers and pay day lenders–out of business.