It’s the “greatest government overreach that no one is talking about,” according to Rep. Sean Duffy (R-WI).
He is talking about Operation Choke Point, an initiative headed by the Justice Department and carried out by the Federal Deposit Insurance Corporation that aims to cut off “high risk” business from banking services. This includes perfectly legal businesses like coin-dealers, pharmaceutical sales and, unsurprisingly, fire-arm dealers.
The Heritage Foundation’s news team at The Daily Signal has been covering Operation Choke Point for months. Our reporters have won exclusive interviews with small business owners victimized by this program, driving awareness of the issue in Washington and nationwide.
Duffy held a hearing yesterday with FDIC Chairman Martin Gruenberg. Afterwards, Duffy sat down with the Daily Signal to talk about the investigation, and accused Gruenberg of stonewalling the investigation:
It’s pretty clear that Martin Gruenberg is part of this targeting. He’s known that this has been going on for years and hasn’t held anyone accountable. I think the reason is that he approves of the targeting of these [industries].
Do you think the government should be held accountable for Operation Choke Point?