NRA files for bankruptcy to move its headquarters to Texas out of New York’s “toxic environment”

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April 27, 2019 - Indianapolis, Indiana, United States: Photos of NRA Chief Executive and Executive Vice President Wayne LaPierre, left, and former president of the NRA Oliver North are on display during the during the third day of the National Rifle Assoc - Jeremy Hogan - Archivo

The National Rifle Association (NRA), the most important firearms promotion group in the United States, announced on Friday its voluntary bankruptcy to move its headquarters to Texas, away from the ” New York’s toxic political environment”, as announced by its executive vice president, Wayne LaPierre.

“The plan can be summed up quite simply: we are ditching New York, and we are initiating plans to rejoin the NRA in Texas,” LaPierre explained.

The group will reshape itself as a Texas nonprofit, within an operation called “Project Liberty,” according to LaPierre, before ensuring the NRA is in its “strongest financial condition in years,” though the restructuring will help. to “rationalize costs and expenses”.

“The NRA will continue to confront the activities against the Second Amendment,” according to the association, in reference to the constitutional provision that guarantees the possession of firearms, “and will continue to promote the training” of them. “There will be no immediate changes to the NRA’s operations or workforce,” the group adds.

New York Attorney General Letitia James filed a lawsuit last summer accusing the NRA’s top leadership of violating laws governing nonprofits and using millions of dollars from the organization’s reserves for use. personal and tax fraud.

James responded to the group’s bankruptcy announcement on Friday, saying that “the financial status declared by the NRA has finally reached its moral state: bankrupt.”

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