National Rifle Association files for bankruptcy after Capitol riots
The nation's largest gun lobby, the National Rifle Association (NRA), has filed for bankruptcy and moved from New York to Texas.
“The plan can be described simply: We will leave New York and plan to re-register the NRA in Texas,” according to a news release published on the organization’s website.
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| In August 2020, New York Attorney General Laetitia James filed a lawsuit against the NRA, arguing that the association's activities violate state nonprofit law. Illustration photo |
As part of the bankruptcy proceedings, the organization plans to streamline its current operations and will not make any staff cuts, according to the commentary.
“We are taking action at a time when the NRA is in its best financial shape in years,” the NRA stressed.
In August 2020, New York Attorney General Laetitia James filed a lawsuit against the NRA, arguing that the association's activities violated state nonprofit law, according to Reuters.
The National Rifle Association's decision to file for bankruptcy comes amid the January 6 occupation of the Capitol building.
On January 6, a joint session of the US Congress to ratify the results of the November presidential election was interrupted by riots, when Donald Trump supporters broke into the Capitol complex of government buildings. As a result, 4 protesters and 1 police officer were killed. More than 160 cases were filed for rioting. However, by late evening, lawmakers officially approved the election of Biden as the 46th president of the United States, the Democratic candidate received more than 270 electoral votes to be approved by Congress.
Declaring a "stolen victory",Trump condemns violence at Capitoldays later, he refused to attend Biden's inauguration, but assured a peaceful transfer of power. On January 13, the House of Representatives voted to impeach Trump, which the Senate will consider after Biden's inauguration.