NRA Says They Are Destitute, ‘May not be able to operate’

Google+ Pinterest LinkedIn Tumblr

That National Rifle Association (NRA) is claiming that the organization is facing significant financial problems that could lead them to go broke, and that the state of New York is to blame. The NRA filed a lawsuit, asserting that the state caused “irrecoverable loss and irreparable harm,” and also said that the organization might have to shut down certain productions.

The lawsuit is targeting Governor Andrew Cuomo, the state’s Department of Financial Services, and Maria Vullo, the department’s head, according to a report by USA Today.

NRA officials state that they may have to end the production of NRAtv, the organization’s video streaming service, and the group’s magazine as a means of dealing with financial losses.

The NRA claims that the actions of the state of New York, which they refer to as a “blacklisting campaign,” led to “irrecoverable loss and irreparable harm.”

New York state officials had ruled that the organization’s insurance, “Carry Guard,” was illegal based on state standards because it provided liability protection to gun owners for actions involving “intentional wrongdoing.”

In the lawsuit, the NRA claims that the organization lost its insurance coverage and that the carrier refused to renew it at “any price.” Further, it asserts that New York interfered with company operations by coercing “insurance agencies, insurers, and banks into terminating business relationships with the NRA that were necessary to the survival of the NRA.”

“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,” says the lawsuit. “Defendants seek to silence one of America’s oldest constitutional rights advocates. If their abuses are not enjoined, they will soon, substantially, succeed.”

The NRA has a large membership base, which the organization claims is around 5 million, but the gun lobbying group became a target after several high-profile shootings, including the Parkland, Florida, high school shooting, leading to calls for companies to end their relationships with the organization.

Additionally, the NRA donates a significant amount of money to political campaigns. Combined, this could lead the organization to struggle financially.

During the 2016 election cycle, the NRA provided $61 million in donations to members of Congress. President Donald Trump received $31 million in backing, largely through advertising created by the organization.

According to a report by the Rolling Stone, during 2016, the NRA overspent by $46 million.