{"id":1450642,"date":"2022-04-22T15:15:25","date_gmt":"2022-04-22T19:15:25","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1450642"},"modified":"2022-04-22T15:15:34","modified_gmt":"2022-04-22T19:15:34","slug":"arizona-bill-would-block-banks-from-discriminating-against-firearms-industry","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/arizona-bill-would-block-banks-from-discriminating-against-firearms-industry\/","title":{"rendered":"Arizona Bill Would Block Banks From Discriminating Against Firearms Industry"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Farizona-bill-would-block-banks-from-discriminating-against-firearms-industry%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1450642&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/dw-wp-production.imgix.net\/2022\/04\/Gun-Shop.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>Arizona banks may soon be barred from discriminating against businesses in the firearms industry.<\/p>\n<p><span>Under a new bill, <\/span><a href=\"https:\/\/www.azleg.gov\/legtext\/55leg\/2R\/bills\/HB2473H.pdf\"><span>HB2473,<\/span><\/a><span> banks would be prohibited from receiving government contracts if they don\u2019t pledge to avoid discriminating against those in the firearms industry. The legislation would not impact existing contracts.\u00a0<\/span><\/p>\n<p><span>\u201cBusinesses can do what they like, but these are the ones speaking are federally chartered banks. We have to make this right for the people,\u201d State Rep. Frank Carroll told The Daily Wire. \u201c[These banks] are saying they have a right to make political decisions about banking. What is that to the people that need banking services?\u201d<\/span><\/p>\n<p><span>During a committee hearing last month, Ruger Firearms VPO Tim Lowney said their decades-long relationship with Bank of America was cut abruptly cut short. The bank had informed Lowney they would no longer do business with his company because they\u2019re in the firearms industry. Ruger has over 400 employees in Arizona.\u00a0<\/span><\/p>\n<p>Lowney said Ruger faced similar problems at other banks, and that firearms dealers are also suffering.<\/p>\n<p><span>Arizona Bankers Association (ABA) spokesman Jay Kaprosy argued that there weren\u2019t any circumstances in which a business was entirely unable to obtain banking due to their relation in the firearms industry.\u00a0<\/span><\/p>\n<p><span>\u201cWe have searched high and low trying to find circumstances in which there is a firearms business or a rampant set of firearms businesses that are going without a bank [or] banking relationship. We\u2019ve been unable to find any,\u201d said Kaprosy.\u00a0<\/span><\/p>\n<p><span>The National Shooting Sports Foundation (NSSF) has been engaged in similar legislation across the country, in Congress and in states like Oklahoma, Louisiana, and Kansas. NSSF Public Affairs Director Mark Oliva told The Daily Wire that these bills ensure that people\u2019s right to bear arms truly remains viable: if banks stop those in the firearm industry from doing business, then people may not be able to obtain those firearms.<\/span><\/p>\n<p><span>\u201cYou are born with your inherent right to exercise your Second Amendment right to keep and bear arms. That right doesn\u2019t exist unless you have the ability to go down to a gun counter and buy a gun,\u201d said Oliva. \u201cUnless you have the right to go down and lawfully obtain a firearm, that right is on paper only.\u201d<\/span><\/p>\n<p><span>Major banks with policies limiting or outright prohibiting business with those in the firearms industry include CitiGroup, which, for example, turns away those who sell firearms to individuals under 21 or who haven\u2019t passed a background check, as well as those who sell bump stocks or high-capacity magazines.\u00a0<\/span><\/p>\n<p><span>\u201cThese groups are trying to institute laws that are going well beyond what\u2019s prescribed in federal and state laws to institute their own gun agenda through their own corporate largesse,\u201d said Oliva. \u201cThey\u2019re unaccountable to the American public. This is why we elect leaders, because they can represent us on these issues. If we disagree with them, we have the ability to vote them out. We don\u2019t have that ability with the corporate boardrooms.\u201d<\/span><\/p>\n<p><span>Even speaking in favor of non-discrimination legislation may come at a cost.\u00a0<\/span><\/p>\n<p><span>NSSF told The Daily Wire how Brandon Maddox, founder of a suppressor manufacturer and distributor Silencer Central, had his service terminated with Capital One earlier this year after he testified in favor of similar legislation in South Dakota. Up until Capital One turned him away, Maddox was required to use a personal credit card for his business because the bank\u2019s policies prevented him from getting a corporate card. Maddox applied for a corporate card by listing as a sporting goods business before <\/span><a href=\"https:\/\/www.mitchellrepublic.com\/news\/south-dakota\/bill-to-penalize-banks-over-gun-policies-fails-in-sd-senate-committee\"><span>testifying<\/span><\/a><span> in favor of the proposed non-discrimination legislation. Almost immediately, Capital One denied his application for a corporate card and informed him that they terminated his private card service.<\/span><\/p>\n<p><span>Banking policies barring business with those in the firearms industry have been underway for years, largely in response to mass and school shootings. In 2018, national headlines <\/span><a href=\"https:\/\/www.dailyfreeman.com\/2018\/06\/24\/gun-industry-sees-banks-as-new-threat-to-second-amendment\/\"><span>reflected<\/span><\/a><span> a major culmination of banks\u2019 efforts, noting one example of how payment processing services Stripe and Intuit refused to do business with a small handgun company in Georgia.<\/span><\/p>\n<p><span>That kind of behavior may come to a halt in Arizona soon with HB2473. It passed out of the Senate Appropriations Committee at the end of March, and awaits scheduling for a final vote on the Senate floor.\u00a0<\/span><\/p>\n<p><i><span>Corinne Murdock is a reporter for The Daily Wire and AZ Free News. Have something you think the mainstream media won\u2019t cover? Send tips to <\/span><\/i><a href=\"mailto:corinnejournalist@gmail.com\"><i><span>corinnejournalist@gmail.com<\/span><\/i><\/a><i><span>.<\/span><\/i><\/p>\n<p><em>The Daily Wire is one of America\u2019s fastest-growing conservative media companies for breaking news, investigative reporting, sports, podcasts, in-depth analysis, books, and entertainment for a reason: because we believe in what we do. We believe in our country, in the value of truth and the freedom to speak it, and in the right to challenge tyranny wherever we see it. Believe the same? <a class=\"in-cell-link\" href=\"https:\/\/utm.io\/ueuP8\" target=\"_blank\" rel=\"noopener\">Become a member now and join our mission<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arizona banks may soon be barred from discriminating against businesses in the firearms industry.Under a new bill, HB2473, banks would be prohibited from receiving government contracts if they don\u2019t pledge<\/p>\n","protected":false},"author":243,"featured_media":1450691,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1450642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1450642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/243"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1450642"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1450642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1450691"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1450642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1450642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1450642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}