Fred Lucas-‘Off the Hook’ SEC Sides With Big Bank re: Weaponized Gov't

From the Daily Signal to this writer for MHProNews this Patch is the following in Part I that will be the lead into additional information plus other topics in Part II.

Part I

News
‘Off the Hook’: SEC Sides With Major Bank on Government Weaponization Inquiry

Fred Lucas | March 06, 2025

FIRST ON THE DAILY SIGNAL—Bank of America will not conduct a review regarding customer data policies highlighted by a congressional investigation on weaponization of government, the Securities and Exchange Commission determined.

As The Daily Signal first reported in December, the National Legal and Policy Center submitted a shareholder proposal seeking an internal review by the company “concerning the legality and judgment of management’s decision-making” to provide customer credit card transactions to the FBI and other agencies after the Jan. 6, 2021, protest at the Capitol.

“If President [Donald] Trump wants to get rid of weaponization against political foes, he should know that his SEC let Bank of America off the hook for assisting in weaponization of government,” Paul Chesser, the director of the Corporate Integrity Project for the NLPC, told The Daily Signal.

In a March 5 memo provided by both the watchdog group and Bank of America’s law firm, the SEC states: “In our view, the Proposal relates to the Company’s ordinary business operations. Accordingly, we will not recommend enforcement action to the Commission if the Company omits the Proposal from its proxy materials in reliance” on a rule that allows corporations to exclude shareholder proposals that relate to ordinary business operations.

Bank of America didn’t have an immediate response, but a spokesperson referred The Daily Signal to a Dec. 20 letter from Bank of America attorney Ronald Mueller, with the firm of Gibson Dunn, seeking to strike the shareholder proposal, citing the aforementioned rule.

“In managing customer accounts and customer account information, the company is required to comply with the vast array of laws, rules and regulations applicable to the company and its subsidiaries,” Mueller wrote. “… Decisions regarding customer accounts, including the handling of customer information, involve legal, regulatory, operational, risk management and financial considerations that implicate detailed and extensive policies and procedures and are fundamental to the company’s day-to-day operations.”

In reported statements in November 2023, Bank of America said it followed all applicable laws in interacting with the Treasury Department and federal law enforcement regarding Jan. 6, 2021.
The initial shareholder resolution followed the House Judiciary Committee and its Select Subcommittee on the Weaponization of the Federal Government report critical of numerous financial institutions, Bank of America among them. The report was titled, “Financial Surveillance in the United States: How the Federal Government Weaponized the Bank Secrecy Act to Spy on Americans.” The probe was prompted by Bank of America.

“The committee and select subcommittee began this investigation into government-led financial surveillance after a whistleblower disclosed that following the events of January 6, 2021, Bank of America (BoA), voluntarily and without legal process, provided the Federal Bureau of Investigation (FBI) with a list of names of all individuals who used a BoA credit or debit card in the Washington, D.C. region around that time,” the House report says. “In response to these allegations and corroborating testimony from FBI officials, the committee and select subcommittee requested documents from BoA and six other national financial institutions about the provision of Americans’ private financial information to federal law enforcement without legal process.”

In its February response letter to Mueller’s assertion, Chessar told the SEC that the House findings should mean the matter transcends ordinary business and is related to a significant policy issue.
“What could be more important than the weaponization of government for political purposes?” Chesser told The Daily Signal. “President Trump referenced weaponization in his address to Congress. We based our shareholder proposal on Congressman Jim Jordan’s panel on weaponization report.”

He added, “The Bank of America just vomited up D.C. area credit card transactions in the Jan. 6 timeframe. Even if you bought a hot dog in the D.C. area [with a credit card] your name was turned over to the FBI.”

---

Part II

Bill Wilson - "A Mistake From The Past That Can Be Avoided"

‘Make Americans Wealthier’ 10 Highlights POTUS Trump Speech and More

New Manufactured Home Production Trend UP But Research Raises Concerns

Dems Fretting Over Billionaires Are on Billionaire Dole for Years

Is Decline in Christianity in U.S. Over? Pew Research Suggests It Is

---

GROK Affordable Housing Crisis Thesis-‘This Ain’t Theory—it’s a Heist’

Feb 2025 sees Lowest Number of Border Crossings in Modern USA History

HUD Sec Scott Turner Tension with HUD Research v Local Zoning Barriers

Dan Bongino to FBI - 'We’re About to See it All. It’s All Coming Out.'

---

Southwest border apprehensions drop by 85%, at ports of entry by 93%

Chinese Spy Cases Up After 176,000 Chinese Enter U.S. Illegally

Employees! It is ‘Not Free Market Capitalism It’s Corporate Feudalism’

Big Majority Approve DOGE-Plus Political Cartoons to Muse and Amuse

THE Reality Check-All of Us Have Been Manipulated & Lied to-E. Nickson

---

Democrats and GOP both 'Underwater' in New Poll-But Guess Which Leads?

HUD Sec Turner-'Corporate Takeover of Housing—A Manufactured Crisis'

'Trump Is Leading a Historic Counterrevolution Against the Deep State'

Federal Racket-Follow the Money-Tammany Hall 2.0 and Big U.S. Media

U.S. Manufactured Home Industry Production 2024 Total Up per MHARR

(Note MHARR is short for the Manufactured Housing Association for Regulatory Reform.)

‘Endemic Mismanagement of HUD Manufactured Housing Program’ Nom Turner

'Restoring and Expanding Affordable Housing Role of Manufactured Homes'–MHARR Letter Cites 2000 Reform Act, "Enhanced Preemption" Much Morehttps://www.manufacturedhomelivingnews.com/scott-turner-confirmed-secretary-of-housing-and-urban-development-official-hudmanufactured-housing-association-for-regulatory-reform-mharr-news-releases-manufactured-home-generational-wealth/

Scott Turner Confirmed Secretary of Housing and Urban Development-Official HUD+Manufactured Housing Association for Regulatory Reform (MHARR) News Releases; Manufactured Home Generational Wealth

> Romano-U.S. Trade War with Mexico and Canada Lasted 1 Day. Trump Won.

> ‘Endemic Mismanagement of HUD Manufactured Housing Program’ Nom Turner

'Restoring and Expanding Affordable Housing Role of Manufactured Homes'–MHARR Letter Cites 2000 Reform Act, "Enhanced Preemption" Much More...https://patch.com/florida/lake...

> Big Govt, Big Pharma, Big Food made Americans Overweight and Unhealthy

> Virginia Bishop for ‘Well-Regulated Borders’ Amid VP J.D. Vance Rumble

> Romano-Trump Bans DEI In Federal Govt—States And Corporations Are Next

> How Republicans Should Follow Through on Tough Talk on Immigration

> NPR=87 Registered Democrats in Editorial Positions and No Republicans

> President Donald J. Trump’s Official 'America First Priorities'

---

> Rubio Senate Replacement Ashley Moody (FL-R) Gets Key Assignments

> Trump Plan: Make America Safe, Affordable, Restore U.S. Values for All

> NPR=87 Registered Democrats in Editorial Positions and No Republicans

---

> Official Manufactured Housing Production from 1995-2023-Why it Matters

> Anna Paulina Luna (FL-R) and Barry Loudermilk (GA-R) MERIT Act Insight

> Executive Orders on Investigating Biden Censorship & Weaponization

> Floridian Dr István Dobozi Strikes at Trump Again in Magyar Article (Another critical analysis - fact check).

---

> Why do Liars Lie? Why do those Engaged in Paltering and Spin Palter?

> Controversy-Manufactured Housing Institute-Lesli Gooch-Mark Bowersox

> ‘Mobile Home Values Rising Faster Than Single-Family’ House-Wow Fact$

> Realtor-What Is a Manufactured Home? The Next Step Beyond Mobile Homes

> Orlando RE Agent Smith-Younger Adults Will Need $8500 Monthly for Rent

---

> Rob Romano-Time To Declassify Everything, Or Another RussiaGate Ahead

> Contemporary Tips from Legend Paul Harvey-Surprising Rest of the Story

> Alert: Is Affordable Housing Linked Scandal at Champion Homes Brewing?

> Report: Biden-Harris Federal Agencies Spent Millions Torturing Cats

> Lesli Gooch Ph.D.-Award, Coverup, Headfake, Scandal? Rest of the Story (Manufactured Housing Institute linked)

---

> ALG Unpacks Trump Pitch to Cut Drug Costs by Cutting PBM Middleman

> Is there Evidence that God Exists? Evolution vs. Intelligent Design

> Democratic Voters-Closer Look at Biden’s Acts Before Biden-Harris Exit

> Christian Leaders-Signs of 4th 'Great Awakening' Millions go to Jesus

> Attorney John Morgan - Democrat Megadonor on Kamala Harris Campaign

---

> USA Today - David Plouffe and Dem Advisers on Kamala Harris Revelation

> Majority OK Trump Transition-Mass Deportations-Tariffs- Is it Hopeful?

> Niskanen Center Praises Manufactured Home ‘Cost Savings’ and ‘Quality’

> Alice Carter-The Northern Forum-Deporting Immigrants & Housing Crisis

> Cartoons-Kamala Day 1, DOGE the Swamp, Brainwashing, & Out In the Cold

---

> The Creepy Line-Peter Schweizer-Dr. Jordan Peterson-Dr. Robert Epstein

> Secret State Miniseries - Fictional TV Series Shed Light on Reality

> Trump Transition Team Asked to Prioritize Affordable Housing Issues

> Top 10 States for Homelessness & Top Cities for Crime=Shocking Lessons

> WashPost-American Dream Fades But Assoc CEO Mark Weiss Shows Solution

---

> Blankley-Goodbye American Dream? Only 10% Polled Can Buy a House; But

> Frank Rolfe-Special Interests ‘Don’t Want to Solve Affordable Housing'

> TARK-‘I’m a Teen and Know the Solution to Affordable Housing Crisis’

---> Renting? Rent too High? Odds Are DOJ Suit vs RealPage Matters to You

> New-Certified “Half Price Homes” - Affordable Housing Solution Redux

---

> Solution: “Would-Be Homebuyers Need 80% More Income Than 4 Years Ago”

L. A. “Tony” Kovach is a publisher who has earned multiple awards in history. He and his family live in a manufactured home on private property in Winter Haven, FL. He is the co-founder of Manufactured Home Living News.com (MHLivingNews.com) and Manufactured Home Pro News.com (MHProNews.com), trade publications serving segments of the manufactured home industry. Having worked in several segments of the manufactured home industry for over 3 decades, Kovach is a widely acknowledged and often praised expert on manufactured housing. ###