In connection with the Science Justice Commerce Appropriations Bill, libertarian-minded Senator Rand Paul is expected to offer an amendment today, June 20, 2014, to curtail "Operation Choke Point" - an effort by Attorney General Eric Holder to put gun stores out of business by shutting off their credit.
Senator Rand Paul has just filed an amendment to the Science Justice Commerce Appropriations bill which will cut off Obama's efforts to shut down gun stores by drying up their credit. The Paul language is Amendment 3292 to H.R. 4660.
The appropriations bill is currently on the floor, but we expect the Paul amendment to be considered Friday or Tuesday. If adopted, the Obama administration would be barred from attempting to cut off credit to guns stores - just because they sell guns.
Basically, it works like this: The Federal Deposit Insurance Corporation (FDIC), at the behest of Barack Obama, has declared that gun stores are "high risk" businesses. "High risk" businesses have been, up until now, a small category of supposedly disreputable businesses, which have included pornographers, sellers of drug paraphernalia, and payday lenders.
The second step in the process is Eric Holder's Justice Department's "Operation Choke Point." And its function is specifically to choke off any credit or credit card processing for businesses (now including gun dealers) who fall in the "high risk" category.
Already, scores of gun dealers have complained that their banks have cut their credit or otherwise put pressure on them. Three articles detailing this effort to shut down gun dealers may be found here, here and here.
Libertarians find efforts by the government to curtail business abhorrent especially when the business is simply providing a service or product to the public that is in demand and does not violate the rights of others. Specifically, the Libertarian Party's official platform states, " The only proper role of government in the economic realm is to protect property rights, adjudicate disputes, and provide a legal framework in which voluntary trade is protected. All efforts by government to redistribute wealth, or to control or manage trade, are improper in a free society."