Wells Fargo Bucked Corporate Gun Control By Issuing $40 Million In Credit To Sturm, Ruger, & Co.
Bloomberg reports that the $40 million is on top of $431 million Wells Fargo has issued to gun manufacturers since the December 14, 2012, Sandy Hook attack. This means Wells Fargo is not only bucking the corporate gun control trend in 2018 but has also withstood the firearm divestiture campaign that launched following Sandy Hook.
On April 15, 2018, Breitbart News reported that Wells Fargo stemmed the tide of the push for new financial restrictions on gun makers and sellers by stressing that it is not a bank’s job to set U.S. gun policy. Reuters quoted Wells Fargo chief financial officer John Shrewsberry saying, “The best way to make progress on these issues is through the political and legislative process. In the meantime, Wells Fargo is engaging our customers that legally manufacture firearms and other stakeholders on what we can do together to promote better gun safety in our communities.” – READ MORE
Most people under 21 won’t be able to buy guns in California starting next year under a law Gov. Jerry Brown announced signing Friday.
It will prevent people under 21 from buying rifles and other types of guns. State law already bans people under 21 from buying handguns.
The new law exempts law enforcement, members of the military and people with hunting licenses from the restriction.
It was one of dozens of bills Brown took action on.
Democratic Sen. Anthony Portantino pointed to the shooting at a Florida high school earlier this year that killed 17 people as the reason for his bill banning gun sales and transfers to people under 21. READ MORE: