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The Guardian - US
The Guardian - US
Comment
Robert Reich

How Texas punishes companies who ‘discriminate’ against gun manufacturers

US-TEXAS-GUNS-NRA<br>Smith & Wesson M&P-15 semi-automatic rifles of the AR-15 style are displayed during the National Rifle Association (NRA) annual meeting at the George R. Brown Convention Center, in Houston, Texas on May 28, 2022. - America's powerful National Rifle Association kicked off a major convention in Houston Friday, days after the horrific massacre of children at a Texas elementary school, but a string of high-profile no-shows underscored deep unease at the timing of the gun lobby event. (Photo by Patrick T. FALLON / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)
‘No firm should be penalized by pro-gun states like Texas for trying to be socially responsible.’ Photograph: Patrick T Fallon/AFP/Getty Images

After a 2018 mass shooting in Parkland, Florida, that left 17 people dead, JPMorgan Chase, America’s largest bank, publicly distanced itself from the firearms industry. Its chief financial officer reassured the media that the bank’s relationships with gunmakers “have come down significantly and are pretty limited”.

That was then. This past September, a new Texas law went into effect that bans state agencies from working with any firm that “discriminates” against companies or individuals in the gun industry.

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