Guy Smith: Connecticut Should Push Banks To Get Out Of The Gun Business

Frustrated by the intractable gun control debate in Congress, Guy Smith, a Democratic gubernatorial candidate, says Connecticut leaders should be pressing major financial institutions to stop doing business with companies that sell assault weapons.

Smith wants to see credit card companies like Mastercard and Visa change their terms of service to prohibit any of their merchants from selling the weapons, effectively forcing the businesses to change their inventory or cease accepting credit cards as a form of payment.

“This is not a 100 percent solution but it is a big step because it removes so much money from the process,” said Smith, who lives in Greenwich and is a retired business executive.

He'll make his pitch to the legislature’s judiciary committee on Friday as a proposed amendment to bills to ban “bump stocks” – devices that allow semi-automatic rifles to fire at near-automatic speed – and “ghost guns” – a term used to refer to firearms that can be assembled from parts bought online.

Read more: http://www.courant.com/politics/hc-pol-guy-smith-guns-banks-credit-cards-20180322-story.html