October 4, 2022

Trump issues order preventing banks from shutting out gun manufacturers

In the wake of the Capitol riots last week, President Donald Trump may have been unusually quiet as far as talking to the press is concerned, but that certainly doesn’t mean he hasn’t been working tirelessly behind the scenes to uphold his promises.

According to the Daily Wire, the president struck a massive blow to anti-gun Democrats after he reaffirmed a rule that banks will not be allowed to deny their banking services to firearms manufacturers and related industries, which was put into effect under the administration of former Presiden Barack Obama.

In a knee-jerk reaction to several mass shootings and a rise in gun violence, the Obama administration launched Operation Choke Point, which allowed banks to discontinue their services to gun makers in a grossly ill-conceived plot to blame gun makers for violence committed by criminals and mentally unstable people.

The Trump administration moved quickly to kill the measure early on his presidency, however, the latest rule will make it so future presidents can’t allow banks to “cancel” businesses for what were obviously political purposes.

While the rule will certainly make life easier for gun manufacturers and related industries, there still remains a couple avenues in which future presidents, like President-elect Joe Biden, could still make a play to keep Obama’s rules alive, which would involve Congress and the Congressional Review Act.

Critics of Operation Choke Point, including Dave Kopel, research director at the Independence Institute, warned that if Biden’s administration pursues either of those routes, it will essentially cement the fact that they’re aggressively focused on destroying the gun industry, which will only serve to hurt law-abiding gun owners at the end.

“If they do try to do that, it’s a sign that their administration is serious about not just adding regulation but destroying the firearms industry in the United States,” Kopel said, according to the Washington Free Beacon.

With news of the National Rifle Association recently filing for bankruptcy and an incoming administration bent on cracking down on “gun violence,” the next few years for law-abiding gun owners could be rocky with the Second Amendment under constant assault.

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