EPIC: Anti-gun Bank excluded from ENTIRE STATE for discrimination against the Second Amendment!

Published on January 23, 2023
Duration: 4:53

This video discusses Texas's action to exclude Citigroup from the state's municipal bond market due to the bank's alleged discrimination against the firearms industry. The state's Attorney General, Ken Paxton, cited a 2021 law prohibiting government contracts with entities that discriminate against the firearms sector. This move follows a similar exclusion of JP Morgan for the same reasons, highlighting a strategy to impact financial institutions financially for their stance on Second Amendment rights.

Quick Summary

Texas has excluded Citigroup from its $80 billion municipal bond market due to the bank's alleged discrimination against the firearms sector. This action, taken under a 2021 state law (SB19), aims to financially penalize institutions that oppose Second Amendment rights, following a similar exclusion of JP Morgan.

Chapters

  1. 00:00Introduction: Texas Strikes Back Against Anti-Gun Banks
  2. 01:01Texas AG Halts Citigroup's Municipal Offerings Over Gun Law Row
  3. 01:11JP Morgan Previously Excluded for Anti-Gun Policies
  4. 01:42Citigroup Accused of Discriminating Against Firearms Sector
  5. 02:04ESG Practices and Gun Control Concerns
  6. 02:41Texas Law Prohibits Contracts with Firearm-Discriminating Entities
  7. 03:05Other States Like Louisiana Also Enacting Similar Policies
  8. 03:14Call to Action for Legislators in Other States
  9. 03:36Citigroup's Exclusion is a Real-World Consequence
  10. 03:59Citigroup's Policy Discriminates Against Firearms Trade
  11. 04:25Taking Financial Institutions to Task for Rights Infringement
  12. 04:38Conclusion: Don't Discriminate Against Our Rights

Frequently Asked Questions

Why was Citigroup excluded from the Texas municipal bond market?

Citigroup was excluded because the Texas Attorney General's office determined the bank discriminated against the firearms sector. This action was taken under a 2021 Texas law that prohibits government contracts with entities that discriminate against the firearms industry.

What is the significance of Texas excluding Citigroup from its municipal bond market?

The exclusion impacts an $80 billion market and is a financial penalty for Citigroup's anti-gun policies. It follows a similar action against JP Morgan, demonstrating a strategy to financially pressure financial institutions that oppose Second Amendment rights.

What is SB19 in the context of Texas and financial institutions?

SB19 is a Texas law enacted in 2021 that prohibits government contracts with companies that discriminate against the firearms industry. Citigroup's designation as an SB19 discriminator led to its exclusion from underwriting municipal bond offerings in Texas.

How can other states combat anti-gun policies from financial institutions?

The video suggests that other states can adopt policies similar to Texas and Louisiana, which prohibit government contracts with entities discriminating against the firearms industry. This approach aims to 'hit them in their wallets' and influence their business practices.

Related News

All News →

More 2nd Amendment & Law Videos You Might Like

More from Langley Outdoors Academy

View all →