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Saturday, February 6, 2016

White House Threatens To Veto Bill Shutting Down Operation Choke Point

Congress passed legislation Thursday to end the Obama administration’s Operation Choke Point, a scheme of harassment against banks that work with firearm and ammunition retailers, TheBlaze reports. And the White House has already threatened to veto the bill. 

H.R. 766, introduced by Rep. Blaine Luetkemeyer, R-Mo., bars federal regulators from pressuring banks to cut off credit and financial services to legitimate businesses, such as gun stores, that the Obama administration considers “high risk.” Although the bill passed the House by a wide bipartisan margin of 250 to 169, the White House Office of Management and Budget vowed, “the president’s senior advisors would recommend that he veto the bill.” 

Calling Operation Choke Point “an outrage,” U.S. Rep. Jeb Hensarling, R-Texas, chair of the House Financial Services Committee, said, “Fortunately, a number of Democrats ... have actually joined with our side to say that the rule of law must prevail.”