Earlier today the NRA announced that it’s filing for bankruptcy in New York, in the hope of setting up shop in Texas instead. At the time, Palmer Report explained that the NRA may not be able to pull this off, because it’s subject to New York nonprofit rules, and it’s currently under investigation by the New York Attorney General.
Now, New York Attorney General Tish James is weighing in: “The NRA’s claimed financial status has finally met its moral status: bankrupt. While we review its bankruptcy filing, we will not allow the NRA to use this or any other tactic to evade accountability and my office’s oversight.”
In other words, as we said, bankruptcy isn’t a magic wand that a nonprofit like the NRA can wave and just make its problems go away. The NRA is still in the process of being dismantled by New York State – and it may not even make it to Texas.
Bill Palmer is the publisher of the political news outlet Palmer Report