Losing bond underwriters is worth it for gun rights, Texas sponsor says

Losing bond underwriters is worth it for gun rights, Texas sponsor says

It would cost Texas little to pass a law barring banks that fail a pro-gun litmus test from underwriting bond deals in the Lone Star State, one of the measure’s sponsors claims. The bill would require companies to certify that they do not have policies discriminating against firearm or ammunition businesses to be allowed to receive government contracts in Texas. Targets include the bond underwriting businesses of BofA Securities and Citigroup, which in 2018 were barred by Louisiana from underwriting a state bond deal after they enacted policies viewed as anti-gun in the wake of the February 2018 gun massacre of 14 students and three adults at Marjory Stoneman Douglas High School in Parkland, Florida.

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