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The NRA Has Filed For Bankruptcy: Report

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“Everything Trump touches dies.” That was once said by longtime GOP strategist and co-founder of the Lincoln Project Rick Wilson.

That happens to be the case with the National Rifle Association, which has decided to file for bankruptcy on the last Friday of Donald Trump’s presidency.

The NRA was one of the most powerful political organizations in America before it backed Trump during the 2016 campaign.

“The National Rifle Association of America (“NRA”) today announced it will restructure the Association as a Texas nonprofit to exit what it believes is a corrupt political and regulatory environment in New York,” the NRA said in a statement.

“The Association will seek court approval to reincorporate the Association in the State of Texas – home to more than 400,000 NRA members and site of the 2021 NRA Annual Meeting in Houston,” the NRA explained.

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