Explore The NRA Universe Of Websites

APPEARS IN News

Operation Choke Point 2.0? Financial Services Discrimination Back in the News

Monday, December 9, 2024

Operation Choke Point 2.0? Financial Services Discrimination Back in the News

The plague of businesses and even individuals being exiled from the modern economy by politically motivated regulators is back in the news, thanks largely to a recent segment on the Joe Rogan Experience podcast in which a guest highlighted the ongoing scandal. Marc Andreessen, a pioneer in the web browsing industry and a current venture capitalist, shocked the hugely popular and influential podcaster by detailing how political opponents of the Biden administration were being systematically deprived of financial services. The revelations took on new significance amidst Bidens wholesale weaponization of government for partisan ends, which has included censorship, intimidation, character assassination, and selective prosecutions, among other things. For Second Amendment advocates, it was a reminder of Bidens long association with official corruption aimed at businesses involved with firearms and ammunition.

One of the more notorious episodes from the Obama-Biden administration was Operation Choke Point, a scheme to use pressure from federal regulators to coerce banks and payment processors from doing business with legal but politically disfavored industries. The idea was to choke off the supply of financial services the businesses needed to survive in the modern economy, while bypassing the legal scrutiny of the legislative process and official enforcement proceedings. The firearm industry was a prime target of Operation Choke Point, and many lawfully operated, otherwise financially stable businesses in that sector fell victim to its abusive, discriminatory practices.

The Obama-Biden administration first denied and then tried to whitewash the ongoing conspiracy as merely a misunderstood form of risk management” guidance. Of course, plausible deniability was the whole point. It wasnt the government itself directly acting on the operations targets, but government regulated financial service providers responding to subtle but clearly understood threats about the potential consequences of doing business with the wrong clients. These included costly and embarrassing oversight actions designed to portray the banks as lax on safeguarding their depositors against nefarious activity.

The tactic was apparently so successful in suppressing the targeted commerce that its proponents became increasingly emboldened and overt. Eventually, banking executives were hauled before congressional committees to explain themselves for servicing perfectly legal and creditworthy businesses engaged in politically disfavored activity. These included bank customers that were involved in the business of making and selling semiautomatic firearms that anti-gunners in Congress had unsuccessfully sought to ban as assault weapons.” 

Things became so far gone that the tactics were eventually directed at the NRA itself but by New York State financial regulators who were so blatant and ham-fisted that NRA had enough evidence to challenge their actions in court. The suit charged the New York officials with violating the NRAs first Amendment right to advocate for the constitutional liberties of its members.

The defendants unsuccessfully sought to have the suit dismissed by the trial court and then appealed to the U.S. Court of Appeals for the Second Circuit, which reversed the trial court and dismissed the case.  The NRA then appealed to the U.S. Supreme Court, where none other than the ACLU joined the suit on the NRAs side. The high court would go on to unanimously rule in the NRAs favor, in an opinion written by Sonia Sotomayor, considered perhaps the staunchest leftist among the nine justices (and certainly no fan of the Second Amendment). Sotomayor characterized the First Amendment principles in the case as well-established. Today, the Court reaffirms [that] Government officials cannot attempt to coerce private parties in order to punish or suppress views that the government disfavors,” the opinion stated. 

Despite that rare and stark bipartisan rebuke against the tactics at the heart of Operation Choke Point and its sinister offspring, Andreessen claimed the Biden administration has continued and expanded these schemes. He gave several recent examples to Rogan of businesses and people who had been de-banked,” so Andreessen asserted, for having the wrong politics, for saying unacceptable things.” 

Andreessen also explained that regulators used the concept of a politically exposed person” to force banks to discontinue business not just with commercial entities but even with individuals who were at odds with the administrations own politics. As he said to Rogan, the government gets around its own constitutional constraints on punishing private persons and companies for their views by using private banks as the cutouts and hatchet men.

In this way, Andreessen said, the government gets to say, we didnt do it; it was the private company that did it.” Banks that cooperate, Andreessen continued, additionally receive government protection from potential competitors offering innovated new financial products. He tied the recent developments back to the original Operation Choke Point, which he said targeted guns,” among other industries disfavored by Obama and Biden. Andreessen described the regime as of one of no due process no rules … no court … no appeal … .” 

During his first term, President Trump officially ended the original Operation Choke Point. But the schemes lessons had been learned, both by corrupt government officials and by private financial service providers who either shared their politics or who were afraid of the consequences to their own livelihoods and enterprises of crossing them. Once Trump was out of office, Joe Biden again had the infrastructure at his disposal to resurrect and intensify Choke Points tactics. According to Mark Andreessen, that is exactly what the Biden-Harris administration did.

Fortunately, President Trump is again poised to ascend to the White House. And he has made the elimination of government waste, fraud, and abuse a top priority of his administration, including through the newly established Department of Government Efficiency (DOGE). The two principals of DOGE – Elon Musk and Vivek Ramaswamy – are themselves well-known to Joe Rogan, who seemed suitably aghast at Andreessen’s account of what the venture capitalist called Operation Choke Point 2.0. Trump himself is also aware of and opposed to the phenomenon, telling an audience at a the Bitcoin2024 conference that as president, I will immediately shutdown Choke Point 2.0.”

Hopefully the renewed focus on this devious scheme will bring about lasting reforms and even, perhaps, accountability for those involved. 

TRENDING NOW
The Stakes are High as U.S. Supreme Court Considers Anti-gun “Vampire Rule”

News  

Monday, January 26, 2026

The Stakes are High as U.S. Supreme Court Considers Anti-gun “Vampire Rule”

On Tuesday, Jan. 20, the U.S. Supreme Court held oral arguments in a Second Amendment case that asked whether handgun carry licensees could be presumptively banned from carrying their arms onto publicly accessible private property. 

ATF Rewrites Rules for Addicts/Unlawful Drug Users as Supreme Court Case Looms

News  

Monday, January 26, 2026

ATF Rewrites Rules for Addicts/Unlawful Drug Users as Supreme Court Case Looms

On Jan. 22, ATF published an interim final rule (IFR) that revises the agency’s approach to determining who is an “unlawful user of or addicted to any controlled substance” and therefore prohibited from owning or receiving firearms ...

Commonwealth Countries Continue to Illustrate Folly of Overreach on Guns

News  

Monday, January 26, 2026

Commonwealth Countries Continue to Illustrate Folly of Overreach on Guns

As America gets ready to embark on its 250th birthday celebrations, it’s a good time to assess and appreciate how lucky we are, with constitutional protections of speech and gun rights. Nothing puts that into ...

Virginia: More Gun Control Bills Filed Including Semi-Auto Ban and Tax on Suppressors!

Thursday, January 8, 2026

Virginia: More Gun Control Bills Filed Including Semi-Auto Ban and Tax on Suppressors!

Anti-gun legislators in Richmond have been busy ahead of the 2026 legislative session working on ways to burden your Second Amendment rights.

Second Amendment Momentum: Quick Takeaways from SHOT Show

News  

Monday, January 26, 2026

Second Amendment Momentum: Quick Takeaways from SHOT Show

Last week’s 48th annual SHOT (Shooting, Hunting, and Outdoor Trade) Show hosted by the National Shooting Sports Foundation (NSSF)) showcased not only the latest and greatest guns and gear, but an invigorated and promising outlook for the Second ...

Virginia: Multiple Gun Control Bills Up in Committee on Monday

Friday, January 23, 2026

Virginia: Multiple Gun Control Bills Up in Committee on Monday

On Monday, January 26th, the Senate Courts of Justice committee will hold a hearing on over a dozen gun control bills, including semi-automatic bans and concealed carry prohibitions. The hearing will begin at 8am.

Virginia: Multiple Gun Control Bills Advance in Senate

Tuesday, January 27, 2026

Virginia: Multiple Gun Control Bills Advance in Senate

On Monday, January 26th, the Senate Courts of Justice Committee advanced a slate of gun control bills targeting semi-automatic firearms, standard capacity magazines, carry rights, home storage, and more.

Grassroots Spotlight – VCDL Lobby Day

News  

Monday, January 26, 2026

Grassroots Spotlight – VCDL Lobby Day

On January 19th, grassroots activists came together in Richmond for the Virginia Citizens Defense League (VCDL) Lobby Day, and it was a resounding success.

Virginia: More Gun Control Introduced in General Assembly

Thursday, January 15, 2026

Virginia: More Gun Control Introduced in General Assembly

The 2026 Virginia legislative session is underway, and lawmakers are continuing their assault on your Second Amendment rights.

DOJ Determines 1927 Prohibition on Mailing Handguns Violates Second Amendment

News  

Monday, January 19, 2026

DOJ Determines 1927 Prohibition on Mailing Handguns Violates Second Amendment

In a monumental development for gun owners, the Department of Justice has acknowledged that one of the oldest federal gun control laws on the books is unconstitutional.

MORE TRENDING +
LESS TRENDING -

More Like This From Around The NRA

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.