Via Fox News:
Top House Republicans are asking Attorney General Jeff Sessions to end an Obama-era Justice Department program that has ensnared firearms dealers and other legitimate merchants while attempting to cut off credit to sham businesses.
House Judiciary Committee Chairman Bob Goodlatte and the other GOP lawmakers said in an Aug. 10 letter that they want the department and related federal agencies to formally “repudiate” Operation Choke Point guidelines. The program attempted to discourage banks from offering financial services to “high risk” customers but was accused of unfairly going after legal businesses including firearms dealers.
"Operation Choke Point was an Obama Administration initiative that destroyed legitimate businesses to which that Administration was ideologically opposed (e.g., firearms dealers) by intimidating financial institutions into denying banking services to those businesses," they wrote. "The damage from this initiative lingers, and [we] request that you take immediate corrective action."
The lawmakers say the roughly six-year-old program led to “abuses” by financial regulators. They are calling for formal policy statements from the Justice Department, the Federal Reserve Board and the Office of the Comptroller of the Currency to end such practices.
“Financial institutions should be given explicit assurance that they may serve these unfairly targeted industries just like any other legitimate businesses,” the letter states. “Institutions should also be encouraged to restore long-standing relationships with lawful, targeted industries.”
The letter was signed by five House members including Goodlatte, of Virginia; Texas Rep. Jeb Hensarling, chairman of the chamber’s Financial Services Committee; and California Rep. Darrell Issa, former chairman of the House Committee on Oversight and Government Affairs.
The Justice Department did not respond immediately Monday to questions about whether federal officials will act on the request.
The letter also states Obama administration attorneys, over the course of six months in 2013, issued as many as 60 administrative subpoenas to banks doing business with gun-related entities including payday lenders.