AUSTIN — Major banks and tech firms could be barred from future contracts in Texas, under a Republican-led effort to punch back at companies that cut ties with the firearms industry.
A bill nearing Gov. Greg Abbott’s desk would stop the state from inking contracts with businesses that refuse to work with gun sellers, manufacturers or trade associations, such as the National Rifle Association.
Local governments would face the same limitations, which apply to deals worth $100,000 or more.
The legislation was filed after several companies began restricting business with the gun industry following deadly mass shootings in recent years.
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