ASA & Second Amendment Coalition Call Out Big Banks for Whitewashing History of Discriminatory Debanking
WASHINGTON, D.C. – Today, the American Suppressor Association (ASA) led a coalition of major Second Amendment groups in a letter to prominent American financial institutions demanding a public repudiation of their political debanking practices. The coalition, which includes the National Rifle Association (NRA), Second Amendment Foundation (SAF), Gun Owners of America (GOA), the National Association for Gun Rights (NAGR), and the Citizens Committee for the Right to Keep and Bear Arms (CCRKBA), represents the unified voice of the Second Amendment community and millions of law-abiding gun owners across the United States.
The letter makes clear that the gun industry has “faced relentless attacks and discriminatory treatment for decades,” noting how companies have been “shut out of mainstream financial institutions, including by your banks and those you represent.” These attacks on gun manufacturers, retailers, and aligned organizations have been a “brazen and ideologically driven campaign to undermine the constitutionally protected right of all Americans to keep and bear arms.”
The letter specifically calls out JPMorgan Chase CEO Jamie Dimon and Bank of America CEO Brian Moynihan for their record of restricting services to businesses and organizations in the firearms industry. The letter calls out recent attempts by these banks to shift blame onto Obama- and Biden-era regulators, noting that some of the banks most restrictive policies came when neither were in office. Their blame shifting follows the Trump administration’s strong executive order to prevent this behavior in the future. The letter concludes:
“President Donald J. Trump and his administration have taken decisive action to undo the decades-long erosion of Americans’ Second Amendment rights. Through amicus briefs in Barnett v. Raoul and Peterson, as well as the most pro-Second Amendment executive order in our nation’s history signed by President Trump in February, it is clear that protecting the tens of millions of firearms owners across the country is a top priority for him.”
“An equal application of rules and standards across industries is critical for fairness and ensuring the rights of law-abiding gun owners are not infringed.”
Click here to read the full coalition letter to the banks
ABOUT THE AMERICAN SUPPRESSOR ASSOCIATION
Founded in 2011, the American Suppressor Association has been instrumental in promoting the rights of suppressor owners nationwide, advocating for legal reform, and educating the public about the benefits of suppressors. ASA’s successful campaigns have resulted in the legalization of suppressors in three states, the use of suppressors while hunting in 19 states, the defeat of numerous attempts to impose state level bans, and the dramatic improvements to NFA transfer times.
