Texas Gun Law Has Big Banks Hitting Pause

Texas Gun Law Has Big Banks Hitting Pause

David Paul Morris/Getty What To Know Today Another bank pauses business in Texas over new gun law. Goldman Sachs joined Bank of America , JPMorgan Chase , and Citigroup in halting its municipal bond underwriting business because of a new law that blocks state and local governments from giving contracts to banks with policies that limit business ties to the firearms industry. Municipal bond underwriting, in which banks act as third parties to set up public financing for local governments, is a multibillion-dollar industry in Texas. Goldman was the nation’s sixth largest public finance underwriter last year, and the others were the top three. Barclays, TD Securities, and Wells Fargo are among the banks still reportedly operating in the state. NRA board member, North Carolina lieutenant governor refuses to resign after calling LGBTQ+ communities “filth.” Last week, Right Wing Watch posted videos of Mark Robinson, the state’s Republican second-in-command, speaking at a church in June. “I’m saying this now, and I’ve been saying it, and I don’t care who likes it: Those issues have no place in a school,” Robinson said in the video. “There’s no reason anybody anywhere in America should be telling any child about transgenderism, homosexuality — any of that filth.” Multiple state Democrats have called for Robinson’s resignation . The U.S. government will argue in defense of a pivotal New York gun law. The Supreme Court announced on Tuesday that the nation’s acting solicitor general will be allowed to participate in oral arguments, alongside the […]

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