Monday, August 21, 2017

Justice Department Ends Operation Chokepoint

In a letter to House Judiciary Committee Chairman Bob Goodlatte (R-Va.) on August 16, Assistant Attorney General Stephen Boyd formally confirmed that the agency has ended the misguided Operation Choke Point initiative.

Operation Chokepoint was launched under the Obama administration. The initiative sought to curtail legal but politically disfavored businesses by working through bank regulators to pressure financial institutions to end customer relationships with those businesses.

“All of the Department’s bank investigations conducted as part of Operation Choke Point are now over, the initiative is no longer in effect, and it will not be undertaken again,” wrote Assistant Attorney General Stephen Boyd. “The Department will not discourage the provision of financial services to lawful industries, including businesses engaged in short-term lending and firearms-related activities."

Read the letter.
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