Democratic Senators Urge Banks to Take Action on Gun Control
A dozen Democratic senators called on financial institutions to set new guidelines for their business dealings.
Photographer: Scott Olson/Getty Images
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Gun-control activists have been ratcheting up pressure on U.S. banks this year to curb services to the firearms industry, frustrated by congressional inaction. Now, the same demands are coming from some members of Congress.
On Wednesday, a dozen Democratic senators called on financial institutions to set new guidelines for their business dealings. The lawmakers want banks to follow an example set by Citigroup Inc., which required merchants it works with to refrain from selling firearms to customers under 21 or those who haven’t passed a background check. It also barred the sale of bump stocks and high-capacity magazines.