6 More States taking action AGAINST anti-gun Banks... They are following Texas' lead!

Published on February 12, 2022
Duration: 5:20

This video discusses how six states are following Texas' lead in enacting legislation against banks that limit gun ownership. The legislation aims to punish Wall Street firms for their gun policies by restricting their involvement in state municipal bond markets. The speaker highlights the financial impact on these banks, citing figures for lost business in Texas and projected losses for the other six states.

Quick Summary

Six states are following Texas' lead by introducing legislation to block banks that restrict gun ownership. This move targets Wall Street's involvement in state municipal bond markets, aiming to financially penalize financial institutions for their anti-gun policies and potentially impacting the four trillion dollar municipal market.

Chapters

  1. 00:00Introduction and Texas' Lead
  2. 00:46Sponsor Message - SDI
  3. 01:19The Fight for Second Amendment Rights
  4. 01:43Gun Law Spreading to Six States
  5. 02:09Wall Street's Financial Woes
  6. 02:31States Introducing Anti-Gun Bank Legislation
  7. 03:33Impact on the Municipal Market
  8. 03:52Financial Infographic and Losses
  9. 04:38Banks' Solution and Advice
  10. 05:12Conclusion

Frequently Asked Questions

What action are six states taking against anti-gun banks?

Six states are introducing legislation to block banks that have policies restricting gun ownership. This follows Texas' lead in penalizing financial institutions for their stance on firearms by limiting their access to state municipal bond markets.

How did Texas penalize banks that restricted gun ownership?

Texas enacted a law that effectively cut off major banks, including Bank of America, Goldman Sachs, and JP Morgan Chase, from participating in the state's public finance and municipal bond markets due to their gun policies.

What is the financial impact of these anti-gun bank laws?

These laws are impacting the municipal bond market, estimated to be worth four trillion dollars. Texas alone is reportedly missing out on $49.7 billion in its bond market, with other states facing billions in lost business.

Which organizations are behind the legislation against anti-gun banks?

The legislation introduced in Arizona, Kentucky, Missouri, Ohio, South Dakota, and West Virginia was conceived by an influential gun rights group, the National Shooting Sports Foundation (NSSF).

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