- Associated Press - Thursday, April 26, 2018

BATON ROUGE, La. (AP) - Louisiana’s plans to finance about $600 million in interstate projects have gotten tied up in a dispute over moves by two banking giants to restrict gun sales by their business customers.

The State Bond Commission disagreed Thursday about how and if Louisiana should retaliate against Citigroup and Bank of America for their firearm restriction policies.

Citigroup announced it will end relationships with businesses that sell firearms to people who haven’t passed a background check or anyone under the age of 21, among other restrictions. Bank of America said it will stop doing business with certain gun manufacturers.

Treasurer John Schroder wants Louisiana to stop contracting with the banks.

But the commission voted 8-6 against Schroder’s bid to keep the banks from being eligible to work on the interstate financing deal.

Sign up for Daily Newsletters

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide