California Senator addresses issue on the increasing gun violence-related crime rates across the United States.
On February 16, state Senator Dave Min (D-CA) declared that he would introduce what he called the “Senate Bill 637,” which aims to target California’s transactions that are related to firearm manufacturing.
According to the reports, the Senate Bill 637 would block California from doing any businesses with any banks who have customers who manufacture firearms.
The senator explained that the gun “epidemic” would still remain as long as financial institutions continue to supply the industry with money.
Min also claimed that the measure would “force Wall Street” to choose between “blood money” from the gun industry and “doing business” with California.
“Michigan State. Half Moon Bay. Monterey Park. No place in America is safe from the epidemic of gun violence. Today, I introduced #SB637 to force Wall Street to make a choice between blood money offered by the gun industry and doing business with the State of California.” Min lamented.
“#SB637 sends a clear message and a strong market signal that the State of California will not, either directly or indirectly, finance gun violence. This bill applies to every aspect of the state’s public finances,” he explained.
Michigan State.
Half Moon Bay.
Monterey Park.
No place in America is safe from the epidemic of gun violence. Today, I introduced #SB637 to force Wall Street to make a choice between blood money offered by the gun industry and doing business with the State of California. 1/ pic.twitter.com/Gx3VClDXJz— Senator Dave Min (@SenDaveMin) February 16, 2023
“Unfortunately, the gun violence epidemic is being bankrolled by financial institutions that have turned a blind eye towards the horrors that their investments in the gun industry have created,” the Congressman added.
He also claimed that “#SB637 requires that the State’s public finances cut off business with any banks or lenders with business customers that manufacture firearms. Read the full release.”
In response to Min’s proposal, Larry Keane from the National Shooting Sports Foundation (NSSF) released a statement, claiming that the Congressman’s proposal “would prevent Americans from exercising their Second Amendment rights by potentially driving the “firearm industry out of existence.”
“The editorial board of the Orange County Register accused the California state senator of trying to score political points with the legislation proposal, saying the legislature should reject the measure,” New York Post reported.
The recent proposal wasn’t the first time that Min went after guns.
Last year in February, the Congressman proposed SB 915, which prohibited the sale of firearms on state-owned property.
“California Governor Gavin Newsom (D) signed the bill into law in July of that same year. The new legislation essentially banned gun shows from operating on county fairgrounds,” the report added.
