{"id":190443,"date":"2023-09-25T15:30:19","date_gmt":"2023-09-25T19:30:19","guid":{"rendered":"https:\/\/www.gunsamerica.com\/digest\/?p=184942"},"modified":"2023-09-25T15:30:19","modified_gmt":"2023-09-25T19:30:19","slug":"nssf-applauds-sen-cruz-for-addressing-banking-discrimination-of-firearms-industry","status":"publish","type":"post","link":"https:\/\/gunsamerica.com\/digest\/nssf-applauds-sen-cruz-for-addressing-banking-discrimination-of-firearms-industry\/","title":{"rendered":"NSSF Applauds Sen. Cruz for Addressing Banking Discrimination of Firearms Industry"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"754\" height=\"457\" src=\"https:\/\/www.gunsamerica.com\/digest\/wp-content\/uploads\/2018\/04\/Screen-Shot-2018-04-12-at-9.29.04-AM.png\" alt=\"Bank of America Vice Chairwoman Anne Finucane. (Photo: Bloomberg)\" class=\"wp-image-90358\" srcset=\"https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2018\/04\/Screen-Shot-2018-04-12-at-9.29.04-AM.png 754w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2018\/04\/Screen-Shot-2018-04-12-at-9.29.04-AM-150x91.png 150w, https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2018\/04\/Screen-Shot-2018-04-12-at-9.29.04-AM-400x242.png 400w\" sizes=\"(max-width: 754px) 100vw, 754px\" \/><figcaption class=\"wp-element-caption\">Bank of America Vice Chairwoman. (<em>Photo: Bloomberg<\/em>)<\/figcaption><\/figure>\n\n\n\n<p class=\"yoast-reading-time__wrapper\"><span class=\"yoast-reading-time__icon\"><svg aria-hidden=\"true\" focusable=\"false\" data-icon=\"clock\" width=\"20\" height=\"20\" fill=\"none\" stroke=\"currentColor\" style=\"display:inline-block;vertical-align:-0.1em\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 24 24\"><path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M12 8v4l3 3m6-3a9 9 0 11-18 0 9 9 0 0118 0z\"><\/path><\/svg><\/span><span class=\"yoast-reading-time__spacer\" style=\"display:inline-block;width:1em\"><\/span><span class=\"yoast-reading-time__descriptive-text\">Estimated reading time:  <\/span><span class=\"yoast-reading-time__reading-time\">3<\/span><span class=\"yoast-reading-time__time-unit\"> minutes<\/span><\/p>\n\n\n\n<p><strong>WASHINGTON, D.C. <\/strong>\u2014 NSSF<sup>\u00ae<\/sup>, The Firearm Industry Trade Association, applauds U.S. Sen. Ted Cruz (R-Texas) for directly addressing the ongoing and illegal discrimination of the firearm industry by major banks and payment processors.\u00a0<a href=\"https:\/\/www.foxbusiness.com\/politics\/intuit-reverses-decision-to-ban-gun-companies-from-using-services\" target=\"_blank\" class=\"clickTracking\" campaign=\"nssf-applauds-sen-cruz-for-addressing-banking-discrimination-of-firearms-industry\" title=\"NSSF Applauds Sen. Cruz for Addressing Banking Discrimination of Firearms Industry\"><strong>Fox Business<\/strong><\/a>\u00a0reported on this continued discriminatory practice of major banking institutions and payment processors refusing services because officials in those financial sectors politically disagree with Second Amendment rights.<\/p>\n\n\n\n<p>\u201cDiscrimination against firearm manufacturers and retailers is not a new phenomenon but it is long past time this practice is ended,\u201d said Lawrence G. Keane, NSSF Senior Vice President and General Counsel. \u201cMajor banks, and the payment processors they support, benefit from taxpayer dollars to insure they stay afloat, including the multi-trillion-dollar bailout they enjoyed at taxpayer expense. The discriminatory practice of denying banking services to a Constitutionally-protected industry with which they politically disagree is an abuse of those taxpayer funds. American taxpayers should not be forced to fund banks that actively work to erase their rights. The Second Amendment is not for sale.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-see-also-watch-fbi-director-wray-admits-gov-t-been-seizing-personal-data-from-banks-related-to-gun-purchases\">SEE ALSO: <a href=\"https:\/\/www.gunsamerica.com\/digest\/watch-fbi-director-wray-admits-govt-been-seizing-personal-data-from-banks-related-to-gun-purchases\/\" target=\"_blank\" class=\"clickTracking\" campaign=\"nssf-applauds-sen-cruz-for-addressing-banking-discrimination-of-firearms-industry\" title=\"NSSF Applauds Sen. Cruz for Addressing Banking Discrimination of Firearms Industry\">WATCH: FBI Director Wray Admits Gov\u2019t Been Seizing Personal Data from Banks Related to Gun Purchases<\/a><\/h2>\n\n\n\n<p>Sen. Cruz, in his capacity as Ranking Member of the Senate Committee on Commerce, Science, and Transportation, recently&nbsp;<a href=\"https:\/\/www.commerce.senate.gov\/services\/files\/1725E5EC-442C-4C38-8F85-6E0C5BA76B2C\" target=\"_blank\" class=\"clickTracking\" campaign=\"nssf-applauds-sen-cruz-for-addressing-banking-discrimination-of-firearms-industry\" title=\"NSSF Applauds Sen. Cruz for Addressing Banking Discrimination of Firearms Industry\"><strong>wrote to Intuit<\/strong><\/a>, a payment processor, that reversed their discriminatory policies of denying QuickBooks services to firearm manufacturers and retailers. The change came only after Senate inquiries into the discriminatory practices. Intuit claimed the policy was directed to them by JP Morgan Chase and Bank of America, both banks that hold discriminatory policies against the firearm industry and refuse banking services in an effort to starve them of essential financial services.<\/p>\n\n\n\n<p>NSSF supports legislative efforts to halt these discriminatory practices by financial service providers, including the Firearm Industry Nondiscrimination (FIND) Act (<a href=\"https:\/\/www.congress.gov\/bill\/118th-congress\/senate-bill\/428?q=%7B%22search%22%3A%5B%22%22%5D%7D&amp;s=1&amp;r=1\" target=\"_blank\" class=\"clickTracking\" campaign=\"nssf-applauds-sen-cruz-for-addressing-banking-discrimination-of-firearms-industry\" title=\"NSSF Applauds Sen. Cruz for Addressing Banking Discrimination of Firearms Industry\"><strong>S. 428<\/strong><\/a>\/<strong><a href=\"https:\/\/www.congress.gov\/bill\/118th-congress\/house-bill\/53?s=7&amp;r=4\" target=\"_blank\" class=\"clickTracking\" campaign=\"nssf-applauds-sen-cruz-for-addressing-banking-discrimination-of-firearms-industry\" title=\"NSSF Applauds Sen. Cruz for Addressing Banking Discrimination of Firearms Industry\">H.R. 53<\/a><\/strong>), introduced by Sen. Steve Daines (R-Mont.) and U.S. Rep. Jack Bergman (R-Mich.). This vital legislation would end the ability of corporate entities to profit from taxpayer-funded federal contracts while discriminating against a Constitutionally-protected industry at the same time.<\/p>\n\n\n\n<p>NSSF also supports the Fair Access to Banking Act (<a href=\"https:\/\/www.congress.gov\/bill\/118th-congress\/senate-bill\/293?q=%7B%22search%22%3A%5B%22S.+293%22%5D%7D&amp;s=1&amp;r=1\" target=\"_blank\" class=\"clickTracking\" campaign=\"nssf-applauds-sen-cruz-for-addressing-banking-discrimination-of-firearms-industry\" title=\"NSSF Applauds Sen. Cruz for Addressing Banking Discrimination of Firearms Industry\"><strong>S. 293<\/strong><\/a>\/<a href=\"https:\/\/www.congress.gov\/bill\/118th-congress\/house-bill\/2743?q=%7B%22search%22%3A%5B%22barr%22%5D%7D&amp;s=2&amp;r=2\" target=\"_blank\" class=\"clickTracking\" campaign=\"nssf-applauds-sen-cruz-for-addressing-banking-discrimination-of-firearms-industry\" title=\"NSSF Applauds Sen. Cruz for Addressing Banking Discrimination of Firearms Industry\"><strong>H.R. 2743<\/strong><\/a>), introduced by Sen. Kevin Cramer (R-N.D.) and U.S. Rep. Andy Barr (R-Ky.). These bills would require banks to provide access to services, capital and credit based on the objective risk assessment of individual customers, rather than subjective broad-based decisions affecting whole categories or classes of customers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-about-nss-f\"><strong>About NSS<\/strong>F<\/h2>\n\n\n\n<p><em>NSSF is the trade association for the firearm industry. Its mission is to promote, protect and preserve hunting and the shooting sports. Formed in 1961, NSSF has a membership of thousands of manufacturers, distributors, firearm retailers, shooting ranges, sportsmen\u2019s organizations and publishers nationwide. For more information, visit\u00a0<\/em><strong><a href=\"https:\/\/www.nssf.org\/\" target=\"_blank\" class=\"clickTracking\" campaign=\"nssf-applauds-sen-cruz-for-addressing-banking-discrimination-of-firearms-industry\" title=\"NSSF Applauds Sen. Cruz for Addressing Banking Discrimination of Firearms Industry\">nssf.org<\/a><\/strong>.<\/p>\n\n\n\n<p class=\"has-text-align-left\" style=\"font-size:24px\"><strong><em>*** <a href=\"https:\/\/gunsamerica.com\" target=\"_blank\" class=\"clickTracking\" campaign=\"nssf-applauds-sen-cruz-for-addressing-banking-discrimination-of-firearms-industry\" title=\"NSSF Applauds Sen. Cruz for Addressing Banking Discrimination of Firearms Industry\" target=\"_blank\" rel=\"noreferrer noopener\">Buy and Sell on GunsAmerica!<\/a> ***<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fox Business\u00a0reported on this continued discriminatory practice of major banking institutions and payment processors refusing services because officials in those financial sectors politically disagree with Second Amendment rights.<\/p>\n","protected":false},"author":115,"featured_media":90358,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_specdata_upc":"","_specdata_placement":"","footnotes":""},"categories":[111,1803,240],"tags":[132,1802],"featured":[],"hunt365":[],"class_list":{"0":"post-190443","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-industry-news","8":"category-news-wire","9":"category-this-week","10":"tag-buzz","11":"tag-news-wire"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sen. 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