Laws & Rights
NSSF: Biden’s Two-Step Plan to Dismantle Gun Industry
Today, the National Shooting Sports Foundation‘s Larry Keane describes President Biden’s 1-2 punch strategy to put the gun industry on the mat.
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President Joe Biden is throwing out just a few feeler jabs in his gun control fight. Heโs talked of bans and repealing laws, which are certainly worthy of throwing up a guard to keep them from landing. Make no mistake. His fight plan is one of disciplined patience versus throwing haymakers.
Heโs already setting up for a 1-2 combination that he believes would send the industry to the mat. Heโs not looking to just win the round or the fight. Heโs looking beyond the title. President Biden wants a knockout against the firearm industry thatโs so painful, thereโs no talk about a rematch.
President Biden is doing this by landing hard blows against the firearm industryโs ability to gain footing financially. Heโs not fighting fair either. President Biden is swinging below the belt.
Round One
The presidentโs โbe firstโ strategy started just eight days after he was sworn into office. The Office of the Comptroller of the Currency, which is structured to be independent of the Executive Branch so it isnโt vulnerable to political influence, hurriedly announced aย โpauseโย of the Fair Access banking rule.
It was a convenient block of a rule that would have ended discriminatory lending practices targeted against the firearm industry and other industries. Banks have been denying services simply because an industry was out of political favor. This isnโt disqualification because the customerโs business was unlawful or a poor credit risk, but because the customerโs business fell within an industry that โwokeโ corporate bank board members found distasteful.
The Fair Access rule would have made it aย fair and evenย match-up. It would have stopped big banks from picking winners and losers based on executivesโ personal politics and protected banks from outside pressure from special interest groups to take a dive when it came to seeking to do business with members of the firearm industry.
It put an end to the privatization of the illegalย Operation Choke Pointย that was started by the Obama administration, run through the Department of Justice (DOJ) and the Federal Deposit Insurance Corporation (FDIC) that denied banking services to the firearm industry.
Thatโs like the referee loading up a fighterโs gloves right before the bout starts. But the ref got caught. When the Biden administration โpausedโ the Fair Access rule, they basically winked at the cornerman, letting him know that as long as the gloves are loaded up in the locker room, heโs not going to stop it.
Round Two
The Fair Access banking rule is just the first of two strikes intended to buckle the knees of the firearm industry. The second devastating shot is if President Biden gets his way and convinces Congress to repeal the bipartisan Protection of Lawful Commerce in Arms Act (PLCAA). This move would expose firearm and ammunition manufacturers and sellers to an avalanche of frivolous lawsuits by activist trial lawyers and gun control groups backed by theirย stableย of big โwhite shoeโ corporate law firms. The real intent is bankrupting the industry or, due to mounting legal fees, they are forced to throw in the towel and enter settlement agreements for court-imposed gun control measures. Repealing the bipartisan PLCAA would turn the ring into a no-holds-barred, no-rules, anything-goes cage match.
President Biden isnโt proposing holding criminals accountable for their horrific crimes but wants to allow special interest groups to exploit horrific crimes to land body blows against the firearm industry. It lines lawyersโ pockets and crushes businesses and jobs. This move does nothing to protect the public.
President Biden is blame shifting. Heโs shifting accountability for criminal actions away from the individual who committed a crime and putting it on manufacturers and retailers. To mix metaphors, itโs like suing Ford for the wrongful deaths caused by drunk drivers. The car maker didnโt cause the criminal to commit a crime that tragically took a life. The same with firearm manufacturers and retailers. Criminals must be held accountable.
President Biden isnโt concerned about accountability. Heโs looking to hit hard and if it means changing the rules to get his way, heโs not above landing kidney punches.
This fight is a rematch, however. The PLCAA was passed with broad bipartisan support in 2005 as a direct result of a wave of lawsuits filed by several dozen big city mayors in cahoots with the Brady Center and greedy trial lawyers looking for a payday.
Fighter Retire
This is what the firearm industry is facing. It is not a fair fight or one based on truth. It is going to be dirty. It is going to be emotional and it is going to be drawn out. It is, after all, the fight for the firearm industryโs very existence.
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