February 5, 2025
NSSF Applauds U.S. Sen. Kevin Cramer’s Fair Access to Banking Act Introduction
WASHINGTON, D.C. — NSSF®, The Firearm Industry Trade Association, applauded U.S. Sen. Kevin Cramer’s (R-N.D.) introduction of the Fair Access to Banking Act, S. 401, which will end the discriminatory lending practices of major banking institutions that seek to circumvent the legislative process, set social policy from the boardroom and prevent banking regulators from inappropriately pressuring banks to debank politically disfavored industries. The legislation has 40 co-sponsors.
The Fair Access to Banking Act 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.
“Senator Kevin Cramer’s ‘Fair Access to Banking’ legislation is a bold and principled stand that will put an end to ‘woke’ financial discrimination,” said Lawrence G. Keane, NSSF Senior Vice President and General Counsel. “This legislation will ensure financial institutions make decisions to offer services to lawful businesses based on objective and verifiable financial data and not the shifting of political or social views of banking executives or regulators that are unaccountable to the American voter. For too long, banking institutions have arbitrarily denied services to legal and Constitutionally-protected businesses to advance a politically-driven agenda or yielded to inappropriate political pressure from ‘woke’ banking regulators. This includes denying critical financial services to the firearm industry that provides the means for law-abiding citizens to exercise their Second Amendment rights. The firearm industry thanks Senator Cramer for leading the charge to guarantee all lawful and regulated American companies have fair and uniform access to financial services as required by Federal law.”
The Fair Access to Banking Act would stop corporate banks from picking winners and losers based on executives’ personal politics. It also protects banks from outside pressure by special interest groups seeking to use the banks as a political weapon to advance their agenda.
Corporate banks have privatized “Operation Choke Point,” the illegal discrimination scheme that began under the Obama-Biden administration. The Department of Justice (DOJ) and Federal Deposit Insurance Corporation (FDIC)-led effort directed financial institutions to deny entire industries access to services, including the firearm industry. Despite being a Constitutionally-protected industry, the Obama-Biden administration illegally coerced banks to end existing business relationships and deny new ones.
After the illegal practice was ended under the Trump administration, banks and special interest advocates privatized this scheme by adopting policies that specifically denied firearm businesses financial services for the sole reason of being in the business of selling certain types of lawful firearms. They forced these discriminatory practices while exploiting taxpayer-funded resources like FDIC insurance protections. There are now credible claims that under the Biden administration, banking regulators again began pressuring banks to debank certain industries.
For more information about how the Fair Access for Banking Act would protect the firearm industry and other industries targeted by illegal discriminatory practices, click here.
About NSSF
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’s organizations and publishers nationwide. For more information, visit nssf.org.
National Shooting Sports Foundation | 6 Corporate Drive | Shelton, CT 06484 US
![THE TACTICAL ADVANTAGE. OPTIMIZE FOR THE OUTDOORS WITH THE NEW 537BK-06 BAILOUT" The Bailout” family traditionally relies on super tough tool steels for tactical tasks, but outdoor tools face unique challenges, and Mother Nature is the biggest. With a new CPM-S30V blade and ultralight Ranger Green Grivory* handle scales, the new 537BK-06 Bailout* cuts weight to a minimum and ups the corrosion resistance to give this tactically-oriented folder the ultimate advantage in the great outdoors. [ GET YOURS ]](https://d3k81ch9hvuctc.cloudfront.net/company/WMS7L6/images/cb79039e-1d2e-4ad1-8611-1c75e714294b.jpeg "THE TACTICAL ADVANTAGE. OPTIMIZE FOR THE OUTDOORS WITH THE NEW 537BK-06 BAILOUT\" The Bailout” family traditionally relies on super tough tool steels for tactical tasks, but outdoor tools face unique challenges, and Mother Nature is the biggest. With a new CPM-S30V blade and ultralight Ranger Green Grivory* handle scales, the new 537BK-06 Bailout* cuts weight to a minimum and ups the corrosion resistance to give this tactically-oriented folder the ultimate advantage in the great outdoors. [ GET YOURS ]")
![537BK-06 BAILOUT" [ GET YOURS ]](https://d3k81ch9hvuctc.cloudfront.net/company/WMS7L6/images/1b1ee2d6-9ec5-4558-a878-58952ba48a2f.jpeg "537BK-06 BAILOUT\" [ GET YOURS ]")
![20250122_105921_thumb[4]](https://twobirdsflyingpub.com/wp-content/uploads/2025/02/20250122_105921_thumb4.jpg "20250122_105921_thumb[4]")
![20250122_110539_thumb[10]](https://twobirdsflyingpub.com/wp-content/uploads/2025/02/20250122_110539_thumb10.jpg "20250122_110539_thumb[10]")
FOG HORN 
