Regional News • Americas • United States

Gun lobby NRA files for bankruptcy

The National Rifle Association is the most powerful gun lobby organization in the United States. But after financial and leadership scandals, the NRA has now filed for bankruptcy. The organization announced this on its website.

In the explanation it is further said, the NRA wants to leave the location New York. This was a "corrupt political and regulatory environment." It said the NRA wants to restructure itself as a nonprofit organization in Texas. The plan includes "utilizing the protections of the bankruptcy court," it said.

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