The legislature is putting Senate Concurrent Resolution SCR1007 on the November ballot for the voters to decide. It concerns not allowing banks in Arizona to discriminate against a firearm entity. For example, Citigroup will not do business with retailers who sell firearms to customers who have not passed a background check or who are younger than 21.
Under this resolution, banks who discriminate against a firearm entity would be denied access to government contracts worth over $100,000. Similar laws have been passed in Texas, Oklahoma and Florida. If this ballot initiative is passed in Arizona, there is a possibility that banks may leave the state rather than comply, as was the case in the other states with these laws.
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