California state senator Dave Min has announced legislation that would forbid the state doing business with any banks or investment entities that have relationships with gun manufacturers. According to the California Treasurer’s Office, the state manages approximately three-point-one trillion dollars in banking transactions each fiscal year, including selling bonds and overseeing the state’s debt and investment portfolios. SB637 aims to send a message that California does not approve of them financing the gun industry.
Bill Introduced Regarding California, Banks, and Gun Makers
