Firm business

Arizona House bill hits banks that refuse gun businesses

PHOENIX (AP) — A proposal that would bar any Arizona government agency from entering into a contract with a company that refuses to do business with a gun company has received strong support from the majority of Republicans in the United States. a State House committee, but was harshly rebuffed by the banking industry.

GOP Representative Frank Carroll of Sun City West’s proposal would require companies doing business with state or local governments to certify that they will not refuse to serve a firearms-related business.

Carroll and other GOP supporters have said some banks refuse to do business with companies involved in the gun industry. They framed it as a matter of preventing people from exercising their Second Amendment rights.


“Why wouldn’t you want to do business with a Second Amendment-related company?” Rep. Quang Nguyen, R-Prescott Valley, asked a banking industry lobbyist during a House Judiciary Committee hearing on Wednesday. “I feel like it’s more political.

But the bankers pushed back, calling the government an abuse for lawmakers to try to force a company to do business with someone against their will and said it was not an issue in Arizona.

“It’s meant to get the government to interfere with these private companies and come in and tip the scales in favor of one industry,” said Arizona Bankers Association lobbyist Jay Kaprosy. “What this bill is asking all of you to do is pick winners and losers on which Arizona companies we’re going to favor and that’s where we have a problem.”

Kaprosy noted that a loan officer at a bank that specializes in agricultural banking may reject a request from a firearms manufacturer because it is outside their company’s purview and that, depending on the Carroll’s proposal, he could be banned from managing government banks.

Michael Findlay, director of government relations for the firearms industry trade group, the National Shooting Sports Foundation, said gun companies have faced discrimination in the banking industry.

“This bill is a Second Amendment bill,” Findlay said. “We have members in the state of Arizona as well as across the country who have experienced discrimination in access to capital, to payment processors.”

He noted that similar legislation has been enacted in Texas, Wyoming and Georgia.

But Kaprosy said the proposal is purely political and threatens the independence of the banking sector.

“It’s a stretch to suggest this is a Second Amendment issue,” Kaprosy said. .”

The committee voted along party lines without any Democratic support to approve the bill, which is now heading to the full House after routine review by the rules committee.

Other gun-related bills are making their way through the legislature this year. Among them are two that passed the House on Thursday that would relax gun laws by allowing guns in libraries and many other public buildings and allowing loaded weapons to be transported in vehicles on the grounds of the ‘school.

Debates on two other proposals – one allowing guns on college campuses and the other allowing people between the ages of 18 and 20 to obtain provisional concealed weapons permits – have been delayed. The Senate also has a college porting bill.

Arizona already has some of the least restrictive gun laws in the country, allowing anyone legally entitled to own a firearm to carry a firearm without a license, making licenses exceptionally easy to obtain and allows private sales without background checks.