Skip to main content

NSSF: Election Fundraiser Raises Critical Eyebrows

Perspective from the National Shooting Sports Foundation.

NSSF: Election Fundraiser Raises Critical Eyebrows

U.S. Sen. Amy Klobuchar (D-Minn.) is the ranking member of the Senate Judiciary Committee’s antitrust subcommittee.(Photo by Oscar Ivan Lopez / Shutterstock)

Any other year, taking money from an industry that’s conducting barred activity would be called corruption. Not election years, though, and not when it comes to banks and guns.

Congressional Democrats are holding a fundraiser Aug. 24 for Democratic nominee Joe Biden headlined, “Virtual Conversation on the Future of Antitrust,” according to Politico. The event will be hosted by U.S. Sen. Amy Klobuchar (D-Minn.) and U.S. Rep. David Cicilline (D-R.I.) and is being feted as “a chance to talk about technology and antitrust with Sen. Klobuchar,” in the invitation.

Sen. Klobuchar is the ranking member of the Senate Judiciary Committee’s antitrust subcommittee and Rep. Cicilline chairs the House Judiciary Committee’s antitrust subcommittee. That raised eyebrows with Politico. Both have taken a “get tough” approach with tech and social media giants, but it seems they’re taking the edge off that approach.

Change Name, Focus

Since Rep. Ciciline joined the slate, the fundraiser went from being a “Virtual Conversation on the Future of Antitrust,” to just being a “Virtual Conversation,” where a modest $10,000 donation buys a spot as a “chair” of the fundraiser and even a paltry $250 get the “supporters” cheap seat. That’s peculiar because those donating to this fundraiser seem to have an interest in keeping the government oversight out of their books and not looking at antitrust activity.

Politico’s Zachary Warmbrodt wrote:

"Contributions from individuals affiliated with the six largest lenders total $907,216 for Biden and $293,434 for Trump, according to a POLITICO review of campaign finance data. Biden has a significant fundraising advantage at every one of the banks — JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley."

Warmbrodt suggests the banks are betting Biden’s better for the country, even if his policies are worse for the banks. Here’s why the firearm industry finds this peculiar. Democrats are happy to outsource their failed and rebuked Operation Choke Point scandal that sought to discriminate against members of the firearm industry under the direction of the Obama Administration Department of Justice.

Instead, antigun politicians like Sen. Klobuchar and Congressman Cicilline are happy to farm out the political dirty work to banks to enact their own discriminatory policies to deny the industry access to financial services.

The fundraiser went from being a discussion of antitrust to just a discussion when the banks got involved. At the same time, two of the supposed most-strident antitrust politicians are suddenly mum on banks especially when Citigroup, Bank of America and other banks all adopt similar policies to box out an entire industry from accessing financial services. Wells Fargo is reportedly severing ties with those in the firearm industry.

They’re denying access to loans and services simply because these businesses make firearms that law-abiding Americans want to purchase for lawful purposes. Faceless corporate executives are wielding their boardroom authority to unlawfully discriminate against the firearm industry. What’s more, they’re doing it even after they’ve gladly accepted taxpayer bailouts when these banks were “too big to fail” and use taxpayer money and taxpayer-funded resources even today to insure their holdings and operate their businesses.

Pull Punches


This is why the fundraiser is raising a collective eyebrow. Two politicians who are vocal on antitrust issues are suddenly silent on banking antitrust activity when it suits their political agenda and that of their preferred presidential candidate. They don’t want to take jabs or expose the convenient truth that banks are doing the bidding of an antigun agenda that was found to be illegal when it was proffered by the Obama administration.

The same Operation Choke Point discrimination is happening, only now it’s being carried out under the guise of “reputational risk,” even though this is an industry that contributed $6.75 billion in taxes last year. Those taxes, along with the taxes of more than 100 million gun owners, insures these banks and allows them to stay in business, under a federal charter.

To make it clear enough that no one feels they’re reading the fine print of a mortgage agreement, this is what’s happening. Banks are donating big money to an antigun presidential candidate. Politicians who are supposed to be their watchdogs have no issue with them carrying out unlawful antitrust activities because it suits their antigun political agenda, so they won’t talk about it. After all, banks are doing exactly what the Obama administration’s Department of Justice did and was slapped for it by Congress. So, they’ll remain quiet, let them discriminate and collect the check.

In any other arena, this is called corruption and hypocrisy. In elections, this is called politics.

NSSF graphic

#GUNVOTE 2020: Help Drive Voter Registration

NSSF is urging all industry businesses to download and display NSSF's #GUNVOTE® icon on their company websites and incorporate #GUNVOTE messages in their social media campaigns.

National Shooting Sports Foundation aims to promote, protect and preserve hunting and the shooting sports. Formed in 1961, NSSF has a membership of thousands of manufacturers, distributors, firearms retailers, shooting ranges, sportsmen's organizations and publishers nationwide.

GET THE NEWSLETTER Join the List and Never Miss a Thing.

Recommended Articles

Recent Videos

Sometimes you have to fish a bait that allows you to cover a lot of water efficiently. When you're on the search for bass that have moved into deeper water off the bank and away from obvious holding spots, a swimbait can locate them.

On the Search with Swimbaits

One of the best imitations of a wounded baitfish is the soft-plastic jerkbait, or fluke. A fluke darting just beneath the surface can be too much for a bass to resist. Rig it and fish it according to water conditions and cover to make this great bait even more effective.

Fun with Flukes

There are three models in SPRO's Outsider crankbait series: 55 (runs 3-4 feet), 60 (7-9) and 80 (19-21). Professional bass angler Jonathan Kelley goes over the specifics at ICAST 2022 in Orlando.

SPRO's New Outsider Crankbait Series: First Look

Professional bass angler Jonathan Kelley highlights the features of SPRO's new lures at ICAST 2022 in Orlando.

New Essential Series Spinnerbaits and Buzzbaits from SPRO

Syd Ribes with Sea Falcon highlights four new lures for saltwater fishing. At ICAST 2022 in Orlando.

New Lineup of Lures from Sea Falcon

Syd Ribes highlights two new saltwater lures from SPRO: Flutter Tail Shrimp and Cannon Ball Jig. At ICAST 2022 in Orlando.

New Saltwater Lures from SPRO

AFTCO's Matt Florentino highlights the features of the new Barricade cold-weather suit, a Best of Category winner at ICAST 2022 in Orlando. With Game & Fish's Adam Heggenstaller.

New from AFTCO: Barricade Cold Weather Tactical Gear

Three-time ICAST Best of Category winner Bubba covers it all with new knives set. With Bubba's Matt Kinamore and Game & Fish's  Adam Heggenstaller at ICAST 2022 in Orlando.

4-in-1 Bubba Multi Flex Cutlery Kit

The innovative landing net will weigh and measure your catch while it's still in the net. Best of Category winner at ICAST 2022. With Game & Fish's Adam Heggenstaller.

Award-Winning Frabill Witness Net 'Keeps You Honest'

Game & Fish Magazine Covers Print and Tablet Versions

GET THE MAGAZINE Subscribe & Save

Digital Now Included!


Give a Gift   |   Subscriber Services


Buy Digital Single Issues

Magazine App Logo

Don't miss an issue.
Buy single digital issue for your phone or tablet.

Buy Single Digital Issue on the Game & Fish App

Other Magazines

See All Other Magazines

Special Interest Magazines

See All Special Interest Magazines

GET THE NEWSLETTER Join the List and Never Miss a Thing.

Get the top Game & Fish stories delivered right to your inbox every week.

Phone Icon

Get Digital Access.

All Game & Fish subscribers now have digital access to their magazine content. This means you have the option to read your magazine on most popular phones and tablets.

To get started, click the link below to visit and learn how to access your digital magazine.

Get Digital Access

Not a Subscriber?
Subscribe Now

Enjoying What You're Reading?

Get a Full Year
of Guns & Ammo
& Digital Access.

Offer only for new subscribers.

Subscribe Now