Last week, Senator John Kennedy (R-LA) introduced the “No Red and Blue Banks” Act, legislation that would prevent banks from turning away businesses based on their company’s policies on social issues. Sen. Kennedy’s proposed legislation comes just a few months after financial giant Citigroup announced it would preclude it’s clients from selling a firearm to anyone under the age of 21, and has considered monitoring the sale of firearms through its internal payment systems. The bill also seeks to prevent actions recently taken by Bank of America, who announced it would restrict lending to companies that manufacture AR-15 style rifles. … Continue reading Activist Policies by Financial Institutions on Lawful Gun Sales Spur Proposed Federal Legislation