Reports claim that Wall Street banks have been illicitly spying on customers and reporting gun buyers to the FBI, despite no probable cause or court-issued warrants.
In response, Congressman Alex X. Mooney, R-W.Va., has introduced H.R. 3021, The Protecting the Second Amendment in Financial Services Act, to “expressly prohibit financial institutions and credit card companies from using a merchant category code that separately categorizes gun and ammunition transactions.”
The revelation and legislation come as the FBI finds itself under fire for widespread civil rights abuses and its role in making false claims about President Donald Trump.
Under the latest-revealed scheme, purchases made at gun dealers were flagged with a secret code and referred to the FBI for recording and possible investigation, despite the fact the purchases were legal and no criminal activity was suspected.
Some believe the scheme was an effort to get around federal laws prohibiting the federal government from assembling its own national registry of gun owners by having banks record the data – after audits of the Justice Department revealed officials had been illicitly retaining records of gun sales reported to the federal government's National Instant Check System.
“Leftist activists have been clear that they intend to use merchant category codes to further surveil the constitutional firearm purchases of law-abiding citizens,” said Mooney.
“The only rationale to implement a new merchant category code is to appease anti-Second Amendment activists. I am unwavering in my support of the Second Amendment, and I am proud to introduce this common-sense legislation to protect it,” said Mooney.
“Merchant category codes (MCCs) are four-digit codes that enable payment processors and banks to categorize, monitor, and collect data on various types of transactions,” a statement from Mooney explains.
“On September 9, 2022, the International Organization for Standardization (ISO) approved a Merchant Category Code (MCC) for firearm retailers. Amalgamated Bank, a left-wing U.S. bank, led the charge in pressuring the ISO to adopt the new MCC. The ISO rejected Amalgamated Bank's initial July 2021 application for the new MCC but approved it on the second application for reasons that remain unclear,” the statement reads.
“Amalgamated Bank and progressive Members of Congress have been open that they intend to use this new MCC to track and report lawful firearm transactions to law enforcement under the guise of ‘suspicious activity.' In other words, this MCC is the left's attempt to create a backdoor gun registry to further curtail the Second Amendment rights of law-abiding Americans.
While American Express, Mastercard, Visa and Discover have announced a temporary pause in the implementation of this new MCC, there has been no formal request to withdraw the MCC. Legislation is needed to ensure this is never implemented,” the statement concludes.
This legislation is endorsed by the National Rifle Association and Gun Owners of America.
“GOA thanks Rep. Mooney for leading the fight to protect American gun owners from the anti-gun actions of the International Standards Organization. The U.S. government cannot sit idly by while a foreign entity pressures banks, payment card networks, and other American corporations to infringe on the Constitutional rights of the American people. This legislation empowers U.S. financial institutions to stand up to this foreign influence by categorically rejecting this anti-gun ‘merchant code,'” said Aidan Johnston, GOA's Director of Federal Affairs.
The opinions expressed in this article are those of the author and do not necessarily reflect the positions of American Liberty News.
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SHUT those B******s DOWN! . . . these WOKE banks have NO business IN business.
My though too and move the money to other banks who aren’t so stupid.
credit unions still avoid evil ideas like this.
Once again we see — IF there is a way to violate the law and the Constitution, the Left will find it and do it.
The big problem with this proposed bill is that as the dems still hold the majority in the senate, and control the white house, so it will never pass, not until we get a republican majority in both the house and senate as well as the presidency.