administration we saw regulators forcing banks to close those lines of credit for no reason other than they did not like those businesses. President Trump’s administration did a good job of ending those practices but because a law was never put in place, there is very little keeping the new regulators — many of whom worked in the Obama administration — from picking up where they leſt off.


Our history of economic freedom sets the U.S. apart from the rest of the world. However, that freedom is threatened when the federal government picks and chooses who you can and cannot bank based on political ideology. Further, the thought of the government being better equipped than banks to determine who is worthy


of financial services is absolutely laughable.


Although the House has passed the SAFE Banking Act, it still needs to go through the Senate. Te bill did not pass the Senate during the last Congress but with a change in leadership on the Senate Banking Committee, it’s possible we could see the SAFE Banking Act or similar legislation signed into law this time. More important, the House has once again shown strong support for ending Operation Choke Point for good, and there is no reason the Senate shouldn’t follow suit.


          


THE MISSOURI BANKER 13


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