Louisiana Halts $600 Million Deal with Banks over Corporate Gun Control

The Louisiana State Bond Commission will not be working with Citigroup and Bank of America Merrill Lynch on a deal worth $600 million due to the companies’ position on gun sales. With a 7 to 6 vote the commission decided to walk away from the financial institutions on a planned highway project.

Both Citigroup and Bank of America recently announced new policies limiting their business with gun sellers and manufacturers. State Treasurer John Schroder took a stand against future deals with the companies, arguing that they were infringing on Louisianans’ constitutional right to buy and sell firearms.


h/t Dr. Ley

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