Lawmakers Back Move to Keep Banks Open to Gun Industry

By Chris Eger

Republicans in the U.S. Senate have introduced the Freedom Financing Act this week to make sure that big banks don’t close their doors to the gun industry.
The proposal, SB 821, was crafted to keep large financial institutions from denying service to constitutionally-protected industries involved in lawful shooting sports. Introduced by North Dakota Republican U.S. Sen. Kevin Cramer last week, U.S. Sen. John Kennedy, R-La, has signed on as a co-sponsor.
“It’s not a bank’s job to create policy. They need to leave the policymaking to Congress,” said Kennedy, who has often taken big banks to task for their past position on guns. “Banks should not be able to discriminate against lawful customers on the basis of social policy. The banks should keep in mind that these lawful customers are the same hard-working taxpayers who bailed them out during the recession.”
The bill comes after large banks enacted public policies to deny financial services to manufacturers of some popular semi-automatic guns and on retailers to adopt restrictive sales policies. The move was prompted by gun control advocates after the deadly high school shooting in Parkland, Florida, in February 2017.
Later in 2017, Citibank clarified that firearms dealers wanting to partner with them must ban

Source: Guns.com