Arabic Arabic Chinese (Simplified) Chinese (Simplified) Dutch Dutch English English French French German German Italian Italian Portuguese Portuguese Russian Russian Spanish Spanish
| (844) 627-8267
0

Arizona House bill would punish banks that refuse business from gun firms : NPR | #socialmedia | #hacking | #aihp


A proposal that would bar any government agency in Arizona contracting with a firm that refuses to do business with a firearms company got strong support from majority Republicans on a state House committee but tough pushback from the banking industry.

Ross D. Franklin/AP file photo

hide caption

toggle caption

Ross D. Franklin/AP file photo

A proposal that would bar any government agency in Arizona contracting with a firm that refuses to do business with a firearms company got strong support from majority Republicans on a state House committee but tough pushback from the banking industry.

Ross D. Franklin/AP file photo

PHOENIX — An Arizona bill to prohibit government agencies from contracting with firms that refuse to do business with firearms companies received strong support this week from majority Republicans on a state House committee but generated tough criticism from the banking industry.

The proposal from GOP Rep. Frank Carroll would require companies doing business with the state or local governments to certify they won’t refuse to work with firearms-related companies.

Carroll and other GOP supporters said some banks are refusing to do business with firms involved with the firearms industry. They framed it as an issue of preventing people from exercising their Second Amendment rights.

“Why would you not want to do business with a Second Amendment-related business?” Republican Rep. Quang Nguyen asked a lobbyist for the banking industry during a Wednesday House Judiciary Committee hearing. “I feel that it’s more political.”

But bankers resisted the bill, calling it government overreach for lawmakers to try to force businesses to deal with other companies against their will and said lawmakers are creating a problem with a non-issue in Arizona.

“This seeks to have government interfere with those private businesses and come put their finger on the scale in support of a single industry,” said Jay Kaprosy, a lobbyist for the Arizona Bankers Association. “What this bill is asking you all to do is to pick winners and losers about what businesses in Arizona we’re going to favor and that’s where we have a problem with it.”

Kaprosy said a bank loan officer specializing in farm banking, for example, might reject a loan application for a gun manufacturer because it is outside their firm’s focus and that under Carroll’s proposal that bank could be barred from handling government banking.

The legislation follows the shutdown of social media sites popular with extremists, including Gab and Parler, when their web hosts, banks or payment processors refused to continue doing business.

Click Here For The Original Source.


————————————————————————————-

Translate

Arabic Arabic Chinese (Simplified) Chinese (Simplified) Dutch Dutch English English French French German German Italian Italian Portuguese Portuguese Russian Russian Spanish Spanish