News

Makers of ‘military style’ firearms cut off from Bank of America

Gun rights activists, like the National Rifle Association, say the AR-15, a semiautomatic rifle that was used in the Parkland shooting and in the Pulse Nightclub shooting, which killed 49 people in June 2016 in Orlando, Florida, doesn’t count as an assault rifle. It does, however, fall under “military style,” as it was originally modeled after military-use rifles but was redesigned for civilian use.

Finucane said the reaction from its gun-manufacturing clients has been “mixed,” but activists against gun violence are excited by the moves being made by Wall Street banks.

“My initial reaction was, ‘I think I’m going to have to start banking with Bank of America and Citibank,’ ” said Avery Gardiner, co-president of the Brady Campaign, a gun control advocacy group. “The financial sector can all do a lot to help reduce gun violence in ways that don’t go near Second Amendment rights. They’re looking at what their business is and what they want it to be and how that interacts with the gun industry.”

Makers of ‘military style’ firearms cut off from Bank of America
Makers of ‘military style’ firearms cut off from Bank of America

Representatives for Vista Outdoors and Remington, which has filed for bankruptcy protection, did not respond to requests for comment. Bank of America is listed as a creditor in Remington’s Chapter 11 filing.

Similar Posts