Noem signs order on bank discrimination against gun industry
PIERRE, S.D. (AP) — South Dakota Gov. Kristi Noem has signed an executive order that blocks state agencies from signing contracts with financial institutions that she says have discriminated against the firearms industry.
The Republican governor signed the order while speaking before the National Rifle Association convention in Indianapolis. It takes effect immediately.
The governor says the order was in response to moves by some large banking institutions whose policies toward the firearms industry she says have included threatening to withhold funding or canceling loans.
A similar NRA-backed measure did not make it out of committee during the 2022 legislative session.
April 17, 2023