Amongst the record-breaking number of executive actions taken by President Joe Biden was one related to a little-known, frightening Obama-era program called Operation Choke Point. The program, dubbed so under former Attorney General Eric Holder, uses the power of the federal government to target legal yet leftist-disfavored businesses. These include gun sellers, pawnshops, and short-term money lenders. . . .

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At the end of Trump’s term, the Office of the Comptroller of the Currency established the Fair Access rule to solidify its culmination.

But on Jan. 28, the Office of the Comptroller of the Currency under President Biden announced it would pause the Trump-era rule intended to prevent another Operation Choke Point from happening again. . . .

The Obama administration rule appeared innocuous enough, instructing banks to “conduct risk assessments of individual customers, rather than make broad-based decisions affecting whole categories or classes of customers when providing access to services, capital, and credit.”

Under Operation Choke Point, federal regulators instructed banks to do the opposite — to openly discriminate against entire industries the Obama administration found objectionable. Weaponizing the power of banking regulators at the Federal Deposit Insurance Corp. and the Office of Comptroller of the Currency, the Obama administration realized it could block entire industries from the banking system that it didn’t like.  . . .

The Backstory of Operation Choke Point

The Obama administration claimed the program was intended to root out fraud by cutting off “high risk” industries from the banking system. But the administration didn’t make any differentiation between legal and illegal “high risk” industries, intentionally grouping lawful industries such as firearms sellers with patently illegal activities like Ponzi and credit-card schemes.

Different agencies within the Obama administration denied wrongdoing in various ways. At least one bank, however, admitted to choking off three legal enterprises at the government’s behest. Dozens of business owners — many of them gun sellers and short-term lenders — said their bank accounts and access to credit card processing platforms were suddenly stymied or shut down with no explanation and no opportunity for recourse. . . .

But the return of the larger strategy behind Operation Choke Point appears here to stay.

Whereas seven years ago the idea of using the powers of the federal government to choke certain Americans from public life was controversial enough for the Obama administration to deny wrongdoing, in today’s era of social justice and cancel culture, it’s applauded. . . .

Build Your Own Banks

Within corporate America, an employee was run out of Boeing over an article he published 33 years beforehand arguing women shouldn’t serve in combat (a position many Americans hold today). In the media, a Jewish, pro-Israel, pro-choice, bisexual writer was choked from The New York Times for not being leftist enough.

In Hollywood, a conservative actress was choked from Disney for expressing politically incorrect views on her private social media account. In the beauty blogging world, a conservative blogger was ousted from her role as a Sephora representative. . . .

As exemplified by Parler and the recent Twitter purge, Big Tech is choking conservatives off their social media platforms while Democrats cheer it on. In an attempt to choke conservatives out of entire industries of employment, critical race theory training and pledges are being forced on schools, government workplaces, and the armed forces.

This Dynamic Is Now Worse

Signs of Operation Choke Point’s formal resurrection are symbolic of the larger attempt by government actors to choke politically disfavored industries and individuals from the mainstream. While cancel culture has led to a politicized economy, the federal government’s arbitrarily targeting of individuals, groups, and entire companies will increase the politicization of the country, where the only acceptable views are from those in power. . . .

If the Biden administration’s rule reversal is any sign, the next four years won’t be about unifying the country to “Build Back Better.”

After being choked from essential services in the economy, conservatives and right-of-center businesses will have no choice but to Build Your Own — if that’s even still tolerated or allowed. Build your own banks, build your own credit card processing companies, build your own web hosting platforms, build your own social media platforms, build your own companies, build your own media, build your own schools, and build your own country — because you’re choked from “ours.”

Of course, all this will do nothing to further the causes of bipartisanship, unity, and healing President Biden claims to desire. Capitalizing on the trend of cancel culture, a return of Operation Choke Point would devastate an already damaged country. By abusing the powers of federal regulators, Operation Choke Point 2.0 would solidify what most right-of-center Americans already know: Instead of unity, Democrats want you choked from everyday life.

Three years ago, former President Obama infamously claimed his administration “didn’t have a scandal that embarrassed us.” While it’s tempting to point to Operation Choke Point to refute this, perhaps Obama was right. With Biden sitting by Obama’s side, the Obama administration wasn’t the least bit embarrassed about using its powers to choke legal businesses from existence. . . .

(Excerpt from The Federalist. Article by Kelsey Bolar. Photo by Alex Wong/Getty Images)