GOP Senators Push Legislation to Prevent ‘Operation Choke Point’

Republican senators this week introduced legislation that would prohibit large banks and credit unions from refusing to provide banking services to legal businesses. It is an attempt to prevent the Biden Administration from restarting Operation Choke Point, an Obama Administration project that was intended to hold financial institutions accountable for processing known fraudulent transactions. Republicans worry that approach would allow banks to avoid providing services to gun-related businesses and other controversial business ventures.

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GOP Senators Push Legislation to Prevent ‘Operation Choke Point’

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