Press Releases
House Passes Luetkemeyer Bill to End Operation Choke Point
Washington,
December 11, 2017
Tags:
Financial Services
Today, the House of Representatives passed U.S. Rep. Blaine Luetkemeyer’s (MO-03) legislation that he introduced that would put an end to Operation Choke Point.
Today, the House of Representatives passed U.S. Rep. Blaine Luetkemeyer’s (MO-03) legislation that he introduced that would put an end to Operation Choke Point. “Over the past several years, I have led the effort to combat Operation Choke Point, the Department of Justice and Federal Deposit Insurance Corporation-led initiative that sought to cut off legal businesses from the financial services they need to survive,” Luetkemeyer said. “It is simple: the federal government should not be able to intimidate financial institutions into dropping entire sectors of the economy as customers, based not on risk or evidence of wrongdoing, but purely on personal and political motivations. I thank Chairman Hensarling for ensuring this legislation was brought to the House floor and my colleagues for putting an end to this dangerous precedent.” In the 114th Congress, the House of Representatives passed the Financial Institution Customer Protection Act. |