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Rep. Meeks Introduces the Investor Choice Against Gun Proliferation Act

February 28, 2018
Press Release
"In the marketplace, as in a democracy, sunshine is one of the best medicines. Investors have a right to know if their investment portfolio represents their values..."

 

Rep. Meeks Introduces the Investor Choice Against Gun Proliferation Act

Washington, D.C.— Today, Congressman Gregory W. Meeks (NY-05) introduced H.R. 5106, the Investor Choice Against Gun Proliferation Act, a bill that would amend the Securities and Exchange Act of 1934 to require public companies to disclose substantial financial relationships with gun manufacturers and dealers. In the immediate wake of the tragic shooting at Stoneman Douglas High School, at least ten public companies have announced they are cutting ties with the National Rifle Association (NRA), the advocacy arm of the gun industry. With the introduction of his bill, Congressman Meeks released the following statement:

"In the marketplace, as in a democracy, sunshine is one of the best medicines. Investors have a right to know if their investment portfolio represents their values. While Congressional Republicans remain paralyzed by conservative dogma and the gun lobby, this bill empowers concerned citizens in the private sector. Lawmakers cannot simply bemoan Republican apathy and wait for Congress to catch up with the groundswell of support for commonsense gun safety laws. Americans are dying every day, and they need action now. They need to know the true human impact of their investments.”

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A copy of the bill is available PDF iconhere