Amid reports 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.<\/p>\n\n\n\n
In response, Congressman Rep. Alex X. Mooney (R-WV) has introduced H.R. 3021, The Protecting the Second Amendment in Financial Services Act to \u201cexpressly prohibit financial institutions and credit card companies from using a merchant category code that separately categorizes gun and ammunition transactions.\u201d<\/p>\n\n\n\n
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 in an apparent attempt to remove a legally-elected president.<\/p>\n\n\n\n
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 suspected.<\/p>\n\n\n\n
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 \u2013 after audits of the Justice Department revealed officials had been illicitly retaining records of gun sales reported to the federal government\u2019s National Instant Check System.<\/p>\n\n\n\n
\u201cLeftist activists have been clear that they intend to use merchant category codes to further surveil the constitutional firearm purchases of law-abiding citizens,\u201d said Mooney. <\/p>\n\n\n\n
\u201cThe 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,\u201d said Mooney.<\/p>\n\n\n\n
\u201cMerchant category codes (MCCs) are four-digit codes that enable payment processors and banks to categorize, monitor, and collect data on various types of transactions,\u201d a statement from Mooney explains.
\u201cOn 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\u2019s initial July 2021 application for the new MCC but approved it on the second application for reasons that remain unclear,\u201d the statement reads.<\/p>\n\n\n\n
\u201cAmalgamated 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 \u2018suspicious activity\u2019. In other words, this MCC is the Left\u2019s attempt to create a backdoor gun registry to further curtail the Second Amendment rights of law-abiding Americans.<\/p>\n\n\n\n
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,\u201d the statement concludes.<\/p>\n\n\n\n
This legislation is endorsed by the National Rifle Association and Gun Owners of America.<\/p>\n\n\n\n
\u201cGOA 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 \u2018merchant code,\u2019\u201d said Aidan Johnston, GOA\u2019s Director of Federal Affairs<\/p>\n\n\n\n
Opinions expressed by contributors do not necessarily reflect the views of Great America News Desk.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Amid reports 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 Rep. Alex X. Mooney (R-WV) has introduced H.R. 3021, The Protecting the Second Amendment in Financial Services Act to \u201cexpressly prohibit financial institutions and credit card […]<\/p>\n","protected":false},"author":10,"featured_media":4276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,247],"tags":[676,137,39,228,558],"class_list":["post-4275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-opinion","tag-alex-mooney","tag-biden-administration","tag-fbi","tag-guns","tag-second-amendment"],"yoast_head":"\n