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Citi’s Gun Policy Probed by Texas AG After Lobby Group Complains

  • Texas attorney general asks bank for response to claims
  • Gun group says Citi’s gun policies are discriminatory
Texas Attorney General Ken Paxton

Texas Attorney General Ken Paxton

Photographer: Dylan Hollingsworth/Bloomberg

The Texas attorney general’s office is seeking more information on Citigroup Inc.’s gun policies as the bank stages a comeback in the state’s municipal-bond market after a GOP law upended its public-finance business there last year.

The office is asking Citigroup to respond to accusations from the National Shooting Sports Foundation, a gun lobbying group, that the bank can’t certify compliance with the Texas law that bars government contracts with companies that “discriminate” against firearm entities. The law requires companies to provide a written certification that they’re in compliance, and Citigroup did so in the fall, allowing it to underwrite a Texas municipal-bond sale in November.