Louisiana House approves legislation requiring banks to do business with firearm and ammunition companies

Louisiana House approves legislation requiring banks to do business with firearm and ammunition companies

Gun Rights

The Louisiana House passes a bill that says banks with gun control policies cannot refuse to do business with companies involved in the manufacturing and selling of guns and ammunition. Erath Representative Blake Miguez says his legislation protects against a discriminatory action. “Myself along with many other individuals that value the Second Amendment or deal in the gun industry support this legislation and want me to move it forward,” said Miguez. The House approved the measure on a 66-27 vote and it heads to the Senate for more discussion. Democrats oppose the legislation. Franklin Representative Sam Jones says the legislation infringes on the First Amendment rights of banks. “It’s called capitalism and if you don’t like what that bank is telling you, you go down the street to another bank don’t you,” said Jones. Miguez’s legislation is in response to policies enacted by Citigroup and Bank of America that restricts their business dealings with certain companies in the firearm industry.

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