The Foundation for Government Accountability (FGA) is running a new ad targeting “anti-banking” tactics that are being weaponized against conservative and religious groups, first obtained by The Daily Caller.
The ad, first obtained by The Daily Caller, focuses on the story of Steve Hupp, founder of the Native American Advancement Ministry, who unexpectedly Notified According to the Alliance Defending Freedom (ADF), he is expected to receive notice from Bank of America in 2023 that his bank account will be closed.
According to the ad, the bank told Hupp it was closing all of his accounts because it could no longer provide services to him as he is a “business type.”FGA's ad alleges that banks across the country use “vague policies” to terminate account holders' accounts “because of the account holder's political or religious beliefs.” (Related article: Eric Bledsoe: Tennessee leads civil rights and free enterprise defense, halts political bank abandonement)
“This enforcement is a clear violation of free speech and donor anonymity,” the ad's narrator says. “The defunding of banks is a tactic of ESG, a movement that uses corporations, including banks, to push its political agenda. Banks are essential to modern life, but thanks to ESG, banks have the power to completely defund anyone they deem a threat to their movement. This is the very definition of discrimination. And if our banks have the power to ban anyone because of their religious, ideological or political differences, then all Americans, no matter what party or group they belong to, are vulnerable.”
JPMorgan Chase previously Closed According to ADF, the National Commission for Religious Freedom's bank account was suddenly closed and it was asked to disclose its donor list, a story also featured in FGA's advertisements.
“Bank closures are more than just a loss of access to financial services. They're an infringement of economic freedom, speech rights, and personal identity. This is a quiet, profound destruction of freedoms that should be protected in modern America,” Eric Bledsoe, a senior fellow at the Government Accountability Foundation, told the Caller.
Similarly, John Eastman, a lawyer for former President Donald Trump, previously told the Daily Caller that he had his bank accounts frozen by Bank of America and USAA. He told the paper that his accounts were abruptly closed around the same time he was receiving significant backlash for his work advising Trump around the time of the 2020 election.
Eastman told the Daily Caller that he asked the banks why the accounts were closed, but they told him it was their policy not to provide any further information on the matter.
The Government Accountability Foundation ad explains that some states have begun to take legislative action to combat the trend away from banks, but it calls on all 50 states to take action to stop the trend.
“Many states have already taken a stand against ESG and bank abandonment, but every state needs to join the fight, sending a clear message to all banks that coercion, intimidation and discrimination will not be tolerated, and passing laws to back up that commitment,” the narrator says.