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Posts Tagged gun business
Supreme Court To Hear Mexican Gov’t Lawsuit
From Guns.com:
First filed in 2021, the $10 billion suit – supported by no less than a dozen anti-gun states such as Massachusetts, Connecticut, and Illinois – sought to put some of the biggest names in the American gun industry including Barrett, Beretta, Century Arms, Colt, Glock, Ruger, and Smith & Wesson on the hook for the out-of-control narco cartel violence that has plagued Mexico since 2006.
A federal judge tossed the suit in October 2022, citing the Protection of Lawful Commerce in Arms Act prevented the claim, but Mexico pushed the issue and appealed to the Massachusetts-based U.S. First Circuit Court, which kept the case alive and handed the issue to a lower court in Boston.
Mexican Lawsuit Tossed Against 6 of 8 Gun Companies
From The Truth About Guns:
On Wednesday, a federal District Court judge in Boston dismissed six of the eight respondents from the lawsuit on jurisdictional grounds. Companies dismissed from the lawsuit by U.S. District Judge Dennis Saylor included Sturm, Ruger and Company, Glock, Barrett Firearms, Colt’s Manufacturing, Century International Arms and Beretta. Companies still involved in the lawsuit include gunmaker Smith & Wesson and wholesaler Whitmer Public Safety Group.
Anti-Gun Courts’ Dishonest Theory: No Right To Buy A Gun
From The Truth About Guns:
The ability to freely approach the gun counter to legally purchase a firearm is paramount to exercising the Second Amendment rights to keep and bear arms. There is no “keeping” of firearms if there is no legal right to lawfully acquire those same firearms. The ramifications of this flawed legal reasoning are self-evident. The government could simply ban the buying (and selling) of firearms and therefore eviscerate the Second Amendment all without infringing upon the right.
Bill Would Ban Excise Taxes On Guns and Ammo
From Bearing Arms:
Idaho Sen. James Risch and California Rep. Darrel Issa are the primary sponsors of the “Freedom from Unfair Gun Taxes Act”, which Risch says would block states from imposing new excise taxes on the sale of firearms and ammunition that channels the revenue to gun control efforts.
In a press release, Issa stated, “For years, extreme state policies and governors, including from my home state, have targeted the fundamental Second Amendment rights of our fellow Americans. California’s new imposition of a ‘sin tax’ on firearms and ammunition equates a core constitutional freedom with gambling or drug use. Enough is enough. That’s why Sen. Risch and I are joining forces to introduce this key legislation and stop any state tax that seeks to raise the price of self-defense out of reach for any American.”
YouTube Starts Crackdown On Gun Videos
From The Truth About Guns:
On Tuesday, Kinman, joined on video by his son and business associate John, announced that a new YouTube policy is making up to 95 percent of Hickok45 videos inaccessible to his fans.
“Some of you may have seen that YouTube changed their policy on gun videos on June 18, and we were not aware how much that was going to affect us until very recently when we talked to our Google rep,” John Kinman said on the video. “And you may notice that our videos posted since June 18 have been removed.”
Company Producing Ammo Vending Machines
From Ammoland:
The vending machines in question, from American Rounds, use computer technology to validate age with picture ID. If the person attempting to purchase ammunition is over 21 years old, they may purchase the ammunition using a picture ID, which the machine validates using facial recognition software. Only credit or debit card purchases seem possible. There does not appear to be any way to pay with cash on the face of the machine. This means a double check of identification takes place, as the person whose identification is validated must also use a credit card, which has to be separately validated.
Idaho Credit Union Still Scrambling After User Agreement Debacle
From The Truth About Guns:
There’s a credit union in Idaho that’s been feeling some heat lately, and thanks to feedback, they’re seeing the light. The Idaho Central Credit Union felt the heat of TTAG’s story yesterday about their member agreement that precluded ammo and gun purchases with ICCU accounts as of a few days earlier.
California Now Requires Sales Code For Gun Stores
This new law is a workaround to the Fourth Amendment by requiring companies to “tattle” on their customers to the government.
From The Truth About Guns:
As reported earlier, a California law went into effect today that mandates credit card networks like Visa and Mastercard to assign special retail codes to gun stores, enabling banks to track their sales. Advocates believe this measure could help identify suspicious purchases and prevent mass shootings.
Czech Group Get Approval To Buy US Ammo Brands
From Guns.com:
The Committee on Foreign Investment in the United States has given the green light to the proposed acquisition of Vista Outdoor’s varied and iconic ammunition brands to the Czechoslovak Group.
In a release from Vista on Wednesday, the company announced it had received written notice from CFIUS that the federal regulator has concluded its review and investigation of the proposed transaction “and has determined that there are no unresolved national security concerns.” The clearance by CFIUS was the final governmental regulatory approval required for the deal to proceed. U.S. Federal Trade Commission had previously cleared the acquisition from an antitrust perspective.
New Gun Owners Since 2020 Equals The Population of Florida
From NSSF:
Firearm industry data has revealed something astounding. In a major shift since 2020, a population the size of Florida has become first-time, brand-new gun owners. That’s right – more than 22.3 million people who previously had decided firearm ownership wasn’t for them looked around, decided they didn’t like what they were seeing, jumped off the fence and lawfully purchased a gun at retail.
Bank of America Reverses Stance On Gun Investments
From The Spokesman-Review:
Bank of America Corp. is loosening restrictions on lending to the firearms and energy industries amid pressure from anti-ESG politicians in Texas and Florida.
The bank backed off its ban on lending to companies that make assault-style guns used for non-military purposes. Rather, the firm will make such decisions on a case-by-case basis with senior risk officers, according to its latest environmental and social risk policy framework. The Charlotte, North Carolina-based bank also made similar changes to its energy lending policies – it no longer has a blanket ban on financing for Arctic drilling.
Rep Massie Takes ATF Head To Task
From Ammoland:
Rep. Masse was referencing an interview that Mr. Dettelbach did with CBS’s “60 Minutes.” It was the same interview where the ATF’s firearms “expert” could not disassemble or assemble a Glock pistol. In the interview, Dettelbach pointed out that someone could buy a Barrett .50 cal in cash. He said that FFLs should report cash purchases to the ATF. Many in the gun community took issue with this statement because it is not illegal to buy firearms with cash, and in many cases, gun owners prefer to use cash, especially since programs such as “Operation Choke Point” exist.
Cornyn Backtracking On Gun Law
From Ammoland:
“Cornyn, Tillis, Colleagues Introduce Resolution to Block Unconstitutional Biden ATF Rule,” a Wednesday press release announces. Their intent is to “to strike down the Bureau of Alcohol, Tobacco, Firearms and Explosives’ (ATF) rule on the definition of ‘Engaged in the Business’ as a Dealer in Firearms, which ignores the law and congressional intent and flagrantly violates the Constitution to try to require anyone who sells a firearm to register as a federal firearm licensee.
”How can veterans John Cornyn, Thom Tillis, and other Republican “Vichycons” — who gave the antis the votes they needed — possibly claim to be surprised that enemies of the right of the people to keep and bear arms won’t stretch any inch given into a mile and then some? What did they think Chris Murphy had in mind, fast-tracking a bill after the high-profile Uvalde school massacre (where a maniac took predictable advantage of a “gun-free zone” while cops dithered in the hall for 78 minutes)?
US Ammo Plant To Be Controlled By Foreign Corporation
From Eurasia Review:
The deal would give CSG control 70% of the manufacturing capacity for ammunition primers, ownership of ammunition brands Federal, Remington, Speer, CCI, Hevi-Shot, and Alliant Powder, and management of the U.S. Army’s Lake City Army Ammunition Plant. The transaction was criticized by U.S. Senators J.D. Vance and John Kennedy, Representatives Mike Waltz and Clay Higgins, and the National Sheriffs Association. (CSG currently has a 70% stake in Italian munition maker Fiocchi Munizioni which is widely available in the U.S.)