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A pair of Democrats in the Massachusetts legislature have introduced a bill that targets, or should I say discriminates, against any firearms or ammunition company or any business who derives 15% or more of their income from firearms and ammunition.

The Democrats, both female, want to punish firearm companies or businesses because of a few whackos or terrorists who used firearms to commit heinous crimes. In their bill, they want the state pension fund to not invest any of any firearm or ammunition related company and if the bill passes, the state has 30 days to sell of those investments they already have in these types of companies.

It should be noted that Smith & Wesson and Savage Arms are both located in Massachusetts.

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(Chief Investment Officer)Two Massachusetts legislators have proposed a bill that would require the state pension fund to sell its shares in companies that derive 15% or more of their revenue from firearms and ammunition.

The bill, which is sponsored by State Rep. Lori Ehrlich and State Sen. Cynthia Creem, calls for the state’s Pension Reserves Investment Management (PRIM) board not to invest in any ammunition, firearm, or firearm accessory manufacturing or retailing companies.

Should the bill become law, PRIM will have 30 days after the bill’s enactment to identify all ammunition, firearm, or firearm accessory manufacturing or retailing companies in which the fund owns direct or indirect holdings. It would be required to file a list of any such holdings with the state’s attorney general, and with the clerks of the Massachusetts Senate and House of Representatives. The fund would then have 12 months after enactment to sell, redeem, divest, or withdraw all publicly-traded securities of each company identified on the list.

If it’s illegal to discriminate against businesses because they are owned by Christians or cater to a specific sector of the population such as homosexuals or Muslims or Jews, then isn’t it illegal to discriminate against businesses because they make their income from firearms and ammunition? I know moving a business is costly and right now many firearm companies are struggling, but it seems that the management of both Savage Arms and Smith & Wesson would do well to relocated the companies to another state who is more gun friendly like Texas.

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