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Political and Legislative

NJ to Refuse Business with Companies that Resist Gun Control

New Jersey will stop doing business with gun manufacturers and retailers that fail to adopt policies that go beyond federal laws, like conducting expanded background checks, to stop guns from falling into the wrong hands, becoming the first state to take such stringent action against the firearms industry.

The state will also apply pressure on major financial institutions, seeking information from banks that do business with New Jersey about their relationships and policies involving gunmakers and sellers.

The state, which says it pays more than $1 billion in bank fees every year, could use the disclosure requirements to decide whether to continue doing business with financial firms.

New Jersey estimated that it has spent more than $70 million in recent years on firearms, supplies and ammunition for the State Police and other law enforcement agencies.

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