Texas Advances Bill Targeting Bank of America, Citi Over Gun Policies
- Legislation would curtail banks’ work with Texas governments
- A similar bill has already passed the state’s Senate
Photographer: Erich Schlegel/Getty Images
Texas moved closer to enacting a law that would ban government work with Wall Street banks whose policies restrict the firearms industry, marking a pushback from Republicans in the gun-friendly state against corporations taking sides in America’s political fights.
After a fiery debate on Thursday, the Texas House of Representatives passed a bill that would block the state and local governments from contracting with banks and other financial-services companies that have policies that limit their work for the firearms or ammunition industries. The approval sends it back to the Senate, where a different version of the bill has already passed, making it likely to head to Governor Greg Abbott for his approval.