Examples of Choke Point in a sentence
In 2017, the Trump administration formally discontinued and repudiated Operation Choke Point.
Although such compensatory consumer behavior was unlikely to change the reality of the students’ performance (i.e., it did not pave the way to a high GPA or additional job offers), it may still have mitigated or eliminated the perceived self-discrepancy.
The implication was clear: banks were compelled to remove those clients from their portfolios, or risk a federal investigation by the Department of Justice.Tellingly, one FDIC counsel even described Operation Choke Point as “our DOJ/Spike Lee Joint.”62 Although meant facetiously, such phrasing inherently reflects the agencies’ joint sense of ownership of the program.
DOJ held numerous meetings on how to combine efforts.55 Officials such as Michael Bresnick, Executive Director of the President’s Financial Fraud Enforcement Task Force and Joel Sweet, the DOJ Trial Attorney who initially proposed Operation Choke Point, frequently consulted with FDIC attorneys and senior officials.
Confidential briefing documents produced to the Committee reveal that senior DOJ officials informed the Attorney General himself that, as a consequence of Operation Choke Point, banks are “exiting” lines of business deemed “high-risk” by federal regulators.79 The experience of firearms and ammunitions dealers – one of the most heavily regulated businesses in the United States – is a testament to the destructive and unacceptable impact of Operation Choke Point.
In fact, the FTC appears to have gone several steps beyond Operation Choke Point in targeting the industry through the use of aggressive – some might say abusive – investigation, discovery, and enforcement tactics.
Operation Choke Point (H.R. 766, H.R. 5983, H.R. 2578, S.Con.Res.
Particularly in light of the now-discredited Operation Choke Point, in which certain government agencies (but not the OCC) were revealed to have pressured banks to cut off access to financial services to disfavored (but not unlawful) sectors of the economy, the OCC believes these criteria are not, and cannot serve as, a legitimate basis for refusing to grant a person or entity access to financial services.
The City shall provide legal, engineering and planning services to advise the Agency and to assist in the implementation and updating from time to time of the Community Redevelopment Plans.3.5. Purchasing.
For example, DOJ’s initial proposal for Operation Choke Point described FDIC as a “partner agency” in the initiative.53 A later memorandum describes how FDIC even went as far as to volunteer two of its attorneys for the program.54 Documents produced to the Committee by FDIC reveal the intensity of their collaboration with DOJ.