Proposes Dismantling the Treasury’s FinCEN Network Which Targeted Gun Owners
[FT. WALTON BEACH / 1-15-25] – Today, Florida Chief Financial Officer (CFO) Jimmy Patronis announced that in Congress he will pursue legislation to dismantle the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) which facilitated both the targeting, and blacklisting, of Americans from accessing financial services based on their political viewpoints, including those who practiced their Second Amendment rights. Jimmy Patronis is the only candidate who is backed by President Donald Trump for the Florida Congressional District 1 special election.
CFO Jimmy Patronis said, “As CFO, I’ve worked for years to set up laws to protect Floridians from being de-banked or losing access to financial services by banks, credit card companies and app-to-app financial transmitters. While we made a lot of progress, the vast majority of banking and lending institutions are federally regulated, and many times the federal regulators at FinCEN were secretly engaging with these billion-dollar companies on who should lose access to financial services. Specifically, there’s documented evidence that FinCEN was using whatever authority they have to go after Trump supporters, men and women of faith, and gun owners. It’s all disgusting. Worse than that, when consumers sought answers on why they were being de-banked, they couldn’t get straight answers because investigations and administrative reviews were clouded in secrecy.
“The existence of FinCen has also facilitated incredibly onerous regulations on American businesses as part of the Corporate Transparency Act. Under the law, small businesses have to report tons of private information to FinCen. While President Trump was smart enough to veto the bill, it was overridden, but the bill is currently hung up in the courts. At best, it’s a bunch of complicated paperwork that American businesses shouldn’t have to complete, and at worst, it’s a Big Brother wanting to know every detail about companies, ever ready to throw them in jail. “The good news is the Never-Trumpers lost the election, so an easy step to dismantling the Deep State’s ability to govern the thoughts and beliefs of everyday Americans is shutting down the U.S. Treasury Financial Crimes Enforcement Network (FinCEN). If the FBI, CIA or DHS are concerned about crimes – they can do police work and go get a warrant. The FinCEN folks, however, operate in the gray by getting in a room and providing ‘guidance’ to credit card
companies, app-to-app money transmitters, and banks on who, and what, needs to be reported to the feds. It’s downright Orwellian and I’m excited I’ll have the opportunity to do something about it in Congress.”
As Florida CFO, Jimmy Patronis championed legislation which banned the de-banking of Floridians based on their political views. Evidence of discrimination aimed at consumers could result in banks being kicked out of the state’s Qualified Public Depositories (QPD)program, which allows financial institutions to hold public assets, or even being referred for prosecution.The CFO also helped pass a bill that allowed Credit Unions to participate in the state’s QPD program to provide more competition against big banks who were adopting more ESG and DEI policies.
In addition to being endorsed by President Trump, other GOP leaders, including Speaker Mike Johnson, House Majority Leader Steve Scalise and House Majority Whip Tom Emmer have endorsed Jimmy Patronis in the CD-1 race. The Special Primary Election Day is scheduled for January 28, 2025 and the Special General Election is slated for April 1, 2025. For more information on Jimmy Patronis visit https://joinjimmy.com/.