Citigroup Barred from Work with the Lone Star State

Texas decides to enforce its own law. Texas Drops Citi From Huge Muni Transaction Over Gun Policy | ZeroHedge

On Thursday, the Texas Natural Gas Securitization Finance Corp. board reconstituted the lineup of banks that will handle the $3.4 billion offering, jettisoning Citi from a list that was first made in May 2022.

The move comes in the wake of last month's determination by Texas Attorney General Ken Paxton that Citi's retailer rules violate a 2021 Texas law that bars the state from contracting with companies that impose anti-gun policies.

This didn' happen in a vacuum, but because The National Shooting Sports Foundation pushed Texas to enforce its own law, a law that The National Shooting Sports Foundation worked to get passed. (Hat tip Lawrence Person's BattleSwarm Blog)