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What will be financial institutions' stance on NRA by end of 2024?
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National Rifle Association•NRA•First Amendment•New York•Maria Vullo•Vullo•Second Circuit•Sonia Sotomayor•Parkland school shooting•ACLU
Resolution / Starting Odds
Reinstate relationships • 25%
Maintain disassociation • 25%
Issue public statement on stance • 25%
No public action • 25%
Official announcements from financial institutions or NRA
Story
Supreme Court Rules 9-0 for NRA in First Amendment Case Against Vullo
May 30, 2024, 03:20 PM
The U.S. Supreme Court has ruled unanimously, 9-0, in favor of the National Rifle Association (NRA) in a First Amendment case against former New York state official Maria Vullo. The court found that the NRA plausibly alleged that Vullo, the former superintendent of the New York Department of Financial Services, violated the First Amendment by coercing financial institutions, including banks and insurance companies, to terminate their business relationships with the NRA. This decision overturns a Second Circuit ruling and allows the NRA to proceed with its lawsuit. Justice Sonia Sotomayor wrote the opinion for the unanimous court, emphasizing that government officials cannot use their power to punish or suppress views they disfavor. The case, NRA v. Vullo, No. 22-842, centers on actions taken by Vullo in 2017 following the Parkland school shooting. The NRA was represented by the ACLU in this case.
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Reinstates business • 33%
Declines to reinstate business • 33%
Issues a public statement • 34%
Issues a new directive • 33%
No new directive issued • 33%
Appeals the Supreme Court decision • 34%
Public support for FDIC leadership change • 25%
Public criticism of FDIC handling • 25%
Calls for external review of FDIC practices • 25%
No public response • 25%
High financial support • 33%
Moderate financial support • 33%
Low financial support • 34%
Implement similar controls • 33%
No change in controls • 33%
Revise existing controls without major overhaul • 34%
Direct support for the rule • 25%
Neutral stance • 25%
Opposition to the rule • 25%
No involvement • 25%
Majority Comply • 33%
Majority Do Not Comply • 33%
Mixed Compliance • 34%
Support the TRO • 25%
Oppose the TRO • 25%
Call for modifications to the rule • 25%
No official response • 25%
Formal hearing with FDIC officials • 25%
Legislation aimed at reforming FDIC • 25%
No significant action • 25%
Investigation into other financial agencies • 25%