Saturday, June 6, 2015

[VIDEO] House Moves to Stop Operation Choke Point

Making clear its official stance against Operation Choke Point, the House passed a measure that prohibits the Justice Department from using any funds to carry out the controversial program. Critics say it unfairly targets legal businesses like pawn shops, gun dealers and payday lenders.
On Wednesday, lawmakers approved the Commerce, Justice, Science, and Related Agencies Appropriations Act, which allocates funding to a range of agencies and also includes a provision to defund Operation Choke Point.
“While I had hoped that the unprecedented Operation Choke Point would have been far behind us by now, it was once again necessary to offer an amendment to the annual Commerce, Justice, and Science Appropriations legislation to prohibit funding for it,” said Rep. Blaine Luetkemeyer, R-Mo., who sponsored the amendment.
My colleagues and I will continue to ensure [the Justice Department] and FDIC enforcement actions are focused on actual threats and risks and not politics and ideology as we continue to move forward with the fight to end this illegal program once and for all.
After failed past attempts by Congress to end Operation Choke Point, members this time are “hopeful” this strategy will work.
“The House has done its job and now we hope the second legislative branch and the executive branch will join us on behalf of standing up for the American people,” Rep. Scott Tipton, R-Colo., a member of the House Financial Services Committee, which has been critical of Operation Choke Point, told The Daily Signal.
Operation Choke Point was launched by the Justice Department in 2013 as a way to combat consumer fraud by working with multiple government agencies—among them, the Federal Deposit Insurance Corporation—to discourage banks from doing business with “high risk” industries.
Since its inception, critics say the program is being used to drive industries that are politically unpopular out of business.
Via: The Daily Signal
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