Bloomberg - Louisiana bans Bank of America, Citi from bond sale

Citi Building Sign

Louisiana is using the bond market to stick up for the Second Amendment.

Bloomberg News reports that the state’s bond commission voted 7 to 6 Thursday to ban Bank of America and Citigroup from working on its upcoming debt sale because of the banks’ "restrictive gun policies," the state treasury said in a statement. Bank of America and Citigroup are the two top-ranked underwriters of long-term municipal debt, according to data compiled by Bloomberg.

"I personally believe the policies of these banks are an infringement on the rights of Louisiana citizens,” Treasurer John Schroder said in a statement. “As a veteran and former member of law enforcement, I take the Second Amendment very seriously."

Hit the link below to access the complete Bloomberg News article:

Louisiana Bans Bank of America, Citi from Bond Sale Over Gun Policies

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