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Pro-Gun Senate Bill Seeks to End Discrimination in the Financial Marketplace

Monday, February 13, 2023

Pro-Gun Senate Bill Seeks to End Discrimination in the Financial Marketplace

Operation Choke Point was just the beginning. That Obama-era scandal featured federal regulators who used their authority to lean on the banks and payment processors they oversaw to pressure them into severing ties with legal but politically-disfavored businesses. At the time, this concept was still considered shameful and overreaching enough for the agencies involved to claim it was all a big misunderstanding and to issue corrective” guidance once it was exposed. But to activists in and outside of government, the power of manipulating the financial services industry to achieve their objectives was just too tempting to ignore. Soon, they were openly calling for banks, credit card companies, and other financial service providers to set terms of service that openly discriminate against lawful firearm-related commerce, as well as other industries demonized by the far left. This makes the reintroduction of the Fair Access to Banking Act, led by U.S. Sen. Kevin Cramer (R-ND), all the more timely and welcome.

Banks, credit cards, payment processors, and the like all exist to serve the public and to keep the engine of Americas economy running smoothly. These industries are rightly subjected to government oversight, given the roles they play and the power they wield over the lives of ordinary Americans. But when politics and regulatory abuse infect their decision-making, markets get distorted and law-abiding businesses – often small businesses, in the case of the gun industry – suffer. Sen. Cramers bill seeks to shield the economy from manipulation by a small segment of powerful activists and ensure the financial services industry emphasizes objective factors like financial soundness, creditworthiness, and case-by-case risk assessment in its business decisions.

The bill is built around the principles of the Trump Administrations Fair Access to Banking Rule, which the NRA supported at the time. Joe Bidens Administration, however, put the finalized rule on indefinite hold, prioritizing politics over basic principles of fairness and non-discrimination. Like the Trump rule, the Cramer bill would require large national banks to provide fair access to all the products they offer to law-abiding customers who are able to satisfy predetermined quantitative, impartial risk-based standards.” It would prohibit financial service providers from using murky considerations of politics or reputational risk” to refuse business with creditworthy, law-abiding customers. And it would establish enforcement mechanisms with real teeth to ensure these standards are followed.

Americans who play by the rules and establish viable businesses deserve to know they will not be undercut by discriminatory tactics in the financial marketplace. These illegitimate practices risk the soundness of the American economy, stifle entrepreneurial impulses, and impose extra-legal restraints on Second Amendment activity. The NRA therefore commends Sen. Cramer and the 36 co-sponsors of his bill and commends it for swift action by the Senate.

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North Carolina: Update on Permitless Carry

Tuesday, September 30, 2025

North Carolina: Update on Permitless Carry

Last week the North Carolina General Assembly briefly returned from recess and re-referred Senate Bill 50, Freedom to Carry NC, to the House Rules Committee.

Federal Court Strikes Down Biden Administration’s “Engaged in the Business” Rule in NRA Case

Thursday, October 2, 2025

Federal Court Strikes Down Biden Administration’s “Engaged in the Business” Rule in NRA Case

Yesterday, in Butler v. Bondi, the U.S. District Court for the Northern District of Alabama held that the Bureau of Alcohol, Tobacco, Firearms and Explosives exceeded its statutory authority by issuing its 2024 Final Rule expanding ...

First Affirmative Lawsuit in Support of Gun Owners Filed by Trump’s DOJ

News  

Monday, October 6, 2025

First Affirmative Lawsuit in Support of Gun Owners Filed by Trump’s DOJ

California officials’ egregious foot-dragging over the issuance of carry permits has finally attracted the ire of the federal Department of Justice (DOJ). 

President Trump’s GOP Leads Polling on Crime and Guns, To No Surprise

News  

Monday, October 6, 2025

President Trump’s GOP Leads Polling on Crime and Guns, To No Surprise

A recent Reuters/Ipsos poll revealed that Americans know the President Donald Trump-led Republican Party has a better plan than their Democratic Party opponents on crime and gun control.

NRA Files Amicus Brief in Fifth Circuit Case Challenging the Federal Switchblade Act

Friday, October 3, 2025

NRA Files Amicus Brief in Fifth Circuit Case Challenging the Federal Switchblade Act

Yesterday, the National Rifle Association filed an amicus brief in Knife Rights, Inc. v. Bondi, urging the Fifth Circuit Court of Appeals to reverse the U.S. District Court for the Northern District of Texas’s decision upholding the Federal ...

Trump Administration Repeals Biden Era Firearms Export Crackdown

News  

Monday, October 6, 2025

Trump Administration Repeals Biden Era Firearms Export Crackdown

Last Monday, the Bureau of Industry and Security (BIS) at the U.S. Department of Commerce published a final rule that reversed a crackdown on the commercial export of firearms from the U.S. to other countries.

Trust in Mass Media Craters to New Lows, in Single Digits With Republicans

News  

Monday, October 6, 2025

Trust in Mass Media Craters to New Lows, in Single Digits With Republicans

There’s an old saying that rings especially true to Second Amendment supporters: If you don’t read the news, you’re uninformed.

Alphabet Eases the Reins on Censorship; Will Gun Content Eventually Benefit?

News  

Tuesday, September 30, 2025

Alphabet Eases the Reins on Censorship; Will Gun Content Eventually Benefit?

With the free speech debate recently co-opted by one TV host’s use of false and incendiary remarks about his political opponents, it might have been easy to miss another important First Amendment story last week. 

Canada’s Public Safety Minister on Gun Ban & Confiscation: “Don’t Ask Me to Explain the Logic”

News  

Monday, September 29, 2025

Canada’s Public Safety Minister on Gun Ban & Confiscation: “Don’t Ask Me to Explain the Logic”

There have been multiple developments on the Canadian gun grab and ban in the last few days, but the most astounding has got to be a leaked bombshell recording of the Liberal Public Safety Minister, ...

U.S. Supreme Court Agrees to Hear Challenge to Hawaii’s Private Property Default Carry Ban

Friday, October 3, 2025

U.S. Supreme Court Agrees to Hear Challenge to Hawaii’s Private Property Default Carry Ban

Today, the U.S. Supreme Court granted the petition for certiorari in Wolford v. Lopez, a challenge to Hawaii’s law forbidding carry on private property open to the public (such as restaurants, gas stations, and grocery stores) ...

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NRA ILA

Established in 1975, the Institute for Legislative Action (ILA) is the "lobbying" arm of the National Rifle Association of America. ILA is responsible for preserving the right of all law-abiding individuals in the legislative, political, and legal arenas, to purchase, possess and use firearms for legitimate purposes as guaranteed by the Second Amendment to the U.S. Constitution.