South Dakota is moving to address Discrimination in the banking industry. On February 15th, the South Dakota senate Commerce Committee will hold a hearing on Senate Bill 182. This bill is meant to combat discrimination against those in the South Dakota firearms industry. Continue reading this story from The Truth about Guns:
From the NSSF . . .
Tuesday February 15th, South Dakota Senate Bill 182 will be heard in Senate Commerce Committee. Before Tuesday, take a moment to reach out to your elected representatives in the legislature and to Governor Noem and let them know – financial industry discrimination against 2nd Amendment companies is real, and, South Dakota should push back.
Following the committee hearing, on the 15th, join NSSF, our partners and the general public in the Capitol Rotunda for hunting and shooting sports and 2 Amendment day at the Capitol. From 9:00 am to 2:00 pm industry members like HS Precision, Stag Arms, Magpul, ONeill Ops and Silencer Central (along with partners like the Congressional Sportsmen’s Foundation) will host displays, activities and have giveaways in the Capitol Rotunda.
Senate Bill 182, “An Act to prohibit discriminatory actions against persons engaged in the firearms industry” – the South Dakota Firearm Industry Nondiscrimination (FIND) Act, asks that the State only contract with those financial service providers who commit to fairness in banking.
Please share this alert with your employees, your colleagues in the industry, and your social network. Please ask them to do the same.
Big Banks are spending unprecedented money to lobby against our fairness in financial service bills nationally. South Dakota is no exception. Our success depends on elected leaders hearing your voice. Reach out.
For years, NSSF members engaged in the lawful commerce of firearm and ammunition have experienced discrimination by financial institutions simply because of the type of business they are in. In these cases, the refusal to provide goods and services results in higher costs of doing business and increased prices for consumers who are simply exercising their Second Amendment Rights. Our members have faced discrimination from banks, internet search engines, payment processors, social media companies, insurance companies and others.
While the firearm industry respects the right of financial institutions and other service providers to make business decisions based on objective criteria, it is unacceptable to discriminate against businesses simply because they are engaged in the lawful commerce of firearms and ammunition, a heavily regulated activity protected by the Second Amendment.