Senator Lummis claims FDIC destroyed Operation Chokepoint 2.0 docs

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1.1. Senator Lummis Accuses FDIC of Destroying Operation Chokepoint 2.0 Documents

Senator Lummis Accuses FDIC of Destroying Operation Chokepoint 2.0 Documents

March 8, 2023

Senator Cynthia Lummis (R-WY) has accused the Federal Deposit Insurance Corporation (FDIC) of destroying documents related to Operation Chokepoint 2.0, a controversial program that targeted legal businesses in the firearms and other industries.

In a letter to FDIC Chairman Jelena McWilliams, Lummis wrote that the agency had failed to produce any responsive documents to her request for information about Operation Chokepoint 2.0. She also accused the FDIC of stonewalling her investigation and obstructing Congress.

The FDIC has denied Lummis's accusations, saying that it has fully complied with her request for information. However, Lummis has maintained that the FDIC is not being transparent about its involvement in Operation Chokepoint 2.0.

Operation Chokepoint was a program launched by the Obama administration in 2013. The program was intended to crack down on fraud and money laundering, but it was also used to target legal businesses in the firearms and other industries.

Operation Chokepoint was criticized by Republicans and business groups, who argued that it was an abuse of government power. The program was eventually scaled back in 2017, but Lummis believes that it has been revived under the Biden administration.

Lummis's accusations against the FDIC are part of a larger investigation into Operation Chokepoint 2.0. The House Financial Services Committee is also investigating the program, and several lawsuits have been filed against the FDIC and other agencies involved in its implementation.

The outcome of these investigations and lawsuits could have a significant impact on the future of Operation Chokepoint 2.0. If it is found that the program was used to target legal businesses, it could be shut down or scaled back once again.