NRA Says It Could Soon Go Broke in New Court Filing

The gun group argues it may be “unable to exist” because of pressure from New York state officials.

Zach D Roberts/ZUMA

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As the National Rifle Association remains curiously silent in response to questions over its ties to an alleged Russian spy, it appears the gun lobby group is now facing another major headache—one the group claims directly threatens its very existence.

In a recent court filing first obtained by Rolling Stone, the NRA warns that it is in grave financial trouble over New York Gov. Andrew Cuomo’s role in convincing financial service providers, including banks and insurance companies, not to conduct business with the gun group. The association blasted Cuomo, along with the state’s Department of Financial Services, with engaging in a “blacklisting campaign” that has cost the group millions. The NRA warns it could be forced the end to its television and magazine services, curtail rallies, and shutter offices.

In April, about two months following the Parkland, Florida mass shooting, Cuomo directed the Department of Financial Services to call on various financial institutions to reevaluate their business ties with the NRA. “This is not just a matter of reputation,” the governor said in a statement announcing the initiative. “It is a matter of public safety, and working together, we can put an end to gun violence in New York once and for all.”

In turn, the NRA sued, claiming that the state was denying its right to “speak freely about gun-related issues and defend the Second Amendment.” The group’s most recent court filing in the ongoing lawsuit includes new claims about how New York state’s actions has hamstrung its activities. 

“If the NRA is unable to collect donations from its members, safeguard the assets endowed to it, apply its funds to cover media buys and other expenses integral to its political speech, and obtain basic corporate insurance coverage, it will be unable to exist as a not-for-profit or pursue its advocacy mission,” the new complaint said. “Defendants seek to silence one of America’s oldest constitutional rights advocates. If their abuses are not enjoined, they will soon, substantially, succeed.”

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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