Skip to content

A Gun Law That Shut Wall Street From Texas Muni Market Is Now Spreading

  • Proposed GOP bills in six states block banks that limit guns
  • As in Texas, the aim is to punish Wall Street for gun policies


Photographer: Daniel Acker/Bloomberg

These are strange times for Wall Street as bankers watch one of their most reliable business lines -- lending to U.S. states and cities -- turn into a political weapon. 

GOP lawmakers in Arizona, Kentucky, Missouri, Ohio, South Dakota and West Virginia have introduced legislation conceived by an influential gun group, the National Shooting Sports Foundation, that aims to punish Wall Street for what it deems to be restrictive gun policies.