Operation Choke Point was a secret government scheme to dissuade banks from working with, amongst others, firearm related businesses. It was a scandal at the time and ended after four years. Now, there is a draft law being openly proposed to ban banks from doing business with California unless those banks refuse to do business with gun manufacturers! The legislative counsel’s digest of SB-637 says, in part:
“Existing law prohibits certain state trust funds from making or holding investments in business firms or financial institutions that engage in specified discriminatory business practices.
“This bill would state the intent of the Legislature to subsequently amend this bill to include provisions that would prohibit financial institutions that do business with gun manufacturers from doing business with the state of California.”
But what does the bill actually say?
“The people of the State of California do enact as follows:
“SECTION 1. It is the intent of the Legislature to subsequently amend this measure to include provisions that would prohibit financial institutions that do business with firearms manufacturers from doing business with the state of California.”
You know it’s bad when they need to keep the details secret until the last moment!
However, if this passes and isn’t found Unconstitutional, what’s stopping a state like Texas from doing something similar but for abortion providers, or perhaps refuse to do business with a bank that has a “DEI” department or even just does business with a company that has a “DEI” department or program?
Sauce for the gander, Mr. Saavik.
Hat Tip: Rob Romano.