Exclusive: Cruz, Lee Attempt to Take Down Operation Choke Point

Source: Daily Signal | April 13, 2016 | Kelsey Harkness

Sens. Ted Cruz of Texas and Mike Lee of Utah plan to introduce a bill today that attempts to unravel the Justice Department’s controversial program Operation Choke Point, The Daily Signal has exclusively learned.

“Under President Obama’s reign, the DOJ has abandoned its longstanding tradition of staying out of politics and has instead become a partisan arm of the White House,” Cruz said. “The Obama administration initiated Operation Choke Point to punish law-abiding small businesses that don’t align with the president’s political leanings. The DOJ should not be abusing its power by trying to bankrupt American citizens for exercising their constitutional rights.”

The bill, called the Financial Institution Customer Protection Act, bans federal agencies that oversee banks from requesting or ordering banks to terminate customer accounts “unless the regulator has material reason.”

The measure also requires banking regulators to put in writing any “formal or informal” requests for account termination, and requires those regulators to file an annual report to Congress regarding those requests. To scale back Operation Choke Point or any similar initiatives, the bill also amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.

Under Operation Choke Point, critics believe that government officials abused their authority by pressuring banks to close down the accounts of entire industries the Obama administration doesn’t like, such as firearms sellers and payday lenders.


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  • Consistent #4350

    ConstitutionalConservative #4354

    Unfortunately because the Bill has the names Cruz and Lee it will go nowhere just yet, probably won’t even brought out of committee. But when Cruz wins the General he will bring a new Congress with him, unlike Trump who is in it for himself Cruz will be campaigning for conservatives across the nation while he is performing his own campaign, he knows what he needs in congress to fulfill his conservative agenda then things will change rapidly.

    As we all know it is not just a slogan it really is CRUZ or LOSE!

    slhancock1948 #4355

    Well, we should write our own senators, asking them to get on board with this. One of our senators is running for reelection this year, claiming to be a conservative…which he is lukewarm, but he does listen. The other is David Perdue, who has been surprisingly conservative, so maybe I can get both to sign on to support this. I’ve found that if we take the time to write, they seem to listen more.

    Pray for righteousness to be restored and for the peace of Jerusalem

    Consistent #4363

    Consistent #4364

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