The NRA Filed for Bankruptcy in Texas District
Photo by Cascadia_J
The National Rifle Association (NRA) filed for bankruptcy in the Northern District of Texas as part of their Project Freedom plan. This step is part of the NRA’s plan in relocating to Texas and “involves utilizing the protection of the bankruptcy court.”
“The move will enable long-term, sustainable growth and ensure the NRA’s continued success as the nation’s leading advocate for constitutional freedom – free from the toxic political environment of New York,” said the NRA press statement.
In August New York Attorney General, Letitia James, filed a lawsuit against the non-profit. James accused the NRA top leaders of instituting “a culture of self-dealing mismanagement.”
“It’s clear that the NRA has been failing to carry out its stated mission…and instead has operated as a breeding ground for greed, abuse and brazen illegality,” said James.
“The NRA’s claimed financial status has finally met its moral status: bankrupt…we will not allow the NRA to use this or any other tactic to evade accountability and my office’s oversight.”
Washington D.C. Attorney General, Karl Racine, also filed a lawsuit against the NRA and its foundation. The lawsuit states:
“NRA Foundation violated District laws by allowing charitable funds to be used for non charitable purposes, failing to operate independently, and placing the NRA’s interests ahead of its own charitable purposes…With this lawsuit, we aim to recover donated funds that the NRA Foundation wasted. District nonprofits should be on notice that the Office of the Attorney General will file suit if we find evidence of illegal behavior.”
Wayne LaPierre is one of the NRA’s leaders mentioned in the lawsuits. According to the lawsuit, LaPeirre used his power to take his family on multiple vacations over a five year period.
“I didn’t ask for this contract. It’s what was presented to me and I signed it and it never went into effect because I stayed on as (executive Vice President),” LaPierre said.
As a response to the lawsuits and filing for bankruptcy, the NRA released an official Q&A. The non profit ensured its members that filing for bankruptcy doesn’t admit to any wrongdoing.
The filing was “necessitated primarily by one thing: the unhinged and political attack against the NRA by the New York Attorney General.”
They also mention that “All donations are used for the purpose of advancing the NRA’s mission, period…This move comes at a time when the NRA is in its strongest financial condition in years.”
NRA President Carolyn Meadows said the New York lawsuit is a “baseless premeditated attack on our organization and the Second Amendment freedoms it fights to defend.”
“We will continue to honor the trust placed in us by employees, members and other stakeholders – following a blueprint that allows us to become the strongest NRA ever known,” said Meadows regarding the new plan.
What the Right is saying:
Texas Gov. Greg Abbott: “Welcome to Texas — a state that safeguards the 2nd Amendment.”
Dinesh D’Souza: I’m laughing my head off.
When New York AG set about trying to “dissolve the NRA,” the NRA outsmarted her by announcing a reincorporation in Texas.
What the Left is saying:
Don Winslow: Just a reminder: We are winning!
1. The House (2018)
2. The White House (2020)
3. The Senate (2021)
4. NRA files bankruptcy (2021)
And Biden/Harris are not even in office yet.
Don’t rest. But feel good. For 5 whole minutes!
And then we all go back to work to fix America.
Rep. Jennifer Wexton: I’m sending the @NRA as many thoughts and prayers as they gave the 19,303 Americans who died from gun violence in 2020.