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Posts Tagged gun business
NY Targets Gun Makers For Liability
From Politico:
New York lawmakers are mounting an effort to open gun manufacturers and distributors up to civil liability suits.
“It would be the first bill of its kind in the country, and would be incredibly important to reestablish norms of gun industry accountability,†said David Pucino, an attorney at the Giffords Law Center, a national gun control advocacy group.
Texas Law Could Oust Bank of America and Citi From State
From Bloomberg:
The legislation, Senate Bill 19, would block government entities from contracting with banks and other financial services providers that have policies that restrict business with the firearms industry. Under the bill, companies with 10 employees or more seeking a government contract worth at least $100,000 would have to verify in writing that they do not have a policy or directive that “discrimina
Smith & Wesson Sales Boom
From WBUR:
In the latest quarter, the company sold more than 600,000 guns and accessories — a quarter of a billion dollars worth of weapons. That represents a doubling of sales from a year ago, the company’s third consecutive record-breaking quarter.
Wyoming Targets Anti-Gun Banking With New Law
From Bearing Arms:
Laws like these need to be replicated throughout the land. Since the federal government has done little to offer up the proper protections to industry members from being discriminated against, freedom oriented states are stepping up to the plate and swinging for civil rights. How Operation Chokepoint has not been subject to a RICO level scrutiny escapes me, as well as the continued chill since the formal dissolution of the program. The fact of the matter is these practices are illegal, as they are creating different classes of people and businesses, refusing to serve “those peopleâ€.
The Lies About Guns vs Voting
From Reason:
Sen. Alex Padilla (D–Calif.) recently claimed that it is easier in some states to acquire a rifle than it is to cast a ballot. This false claim ignores the reality of gun control in America. Despite widespread misconceptions held by gun control advocates, guns are the most heavily regulated consumer good in the country. Millions of Americans are federally prohibited from not only possessing a gun for even a fleeting moment, but also from possessing even a single bullet.Â
Guns Stores Prepare For Sales Increase After Stimulus Payments
From The Post Millennial:
“Stimulus check equals gun money,” said Brandon Wexler, owner of Wex Gunworks in Delray Beach, Florida.”I do anticipate that when people get a stimulus check they will spend it on firearms, accessories, high-capacity magazines and ammo, if they can get it.”
Whether it be the rise in civil unrest throughout our nation’s cities, the Jan 6 attack on the US Capitol, or simply just for pleasure, Americans flocked to gun stores after receiving the first round of stimulus checks in 2020.
2 Million Plus Guns Sold In January
From Bearing Arms:
According to the National Shooting Sports Foundation’s adjusted NICS figures for January of 2021, there were 2,052,130 background checks conducted on firearm sales last month; a 75% increasecompared to the figures reported for January of 2020. The unadjusted January 2021 NICS figure of 4,288,240 (which includes checks not related to gun sales) is also about 62% higher than the unadjusted total from last January.
Biden To Reverse Fair Banking Rule?
From Guns.com:
“There’s no reason for today’s action by career officials in the Office of the Comptroller of the Currency other than bending to political pressure from big banks and stalling or eliminating the rule will not stop the efforts of those of us who support it from continuing these efforts,”  said U.S. Sen. Kevin Cramer R-N.D., who sits on the Senate Banking Committee. “The Biden Administration should use this opportunity to demonstrate leadership and not just be puppets for the large financial interests who back them.”
New Online Marketplace For Guns and Outdoor Products
From The Truth About Guns:
Are you tired of censorship and deplatforming by big tech sites and having to search for your favorite gun, hunting and outdoors gear and content? Do you wish there was one convenient place where you can buy everything from firearms to optics, outdoor gear, knives, gun parts, reloading supplies and much, much more? Then you really need to check out Everest.com.
Background Checks Hit Annual Record With 3 Months To Go
From Forbes:
With three months to go in the year, federal background checks for gun purchases have already hit an annual record, according to the Federal Bureau of Investigation, with the gun industry reporting that the sales surge has depleted inventory of popular firearms and resulted in shortages of ammo.
The FBI on Friday reported 2.89 million background checks for September, bringing this year’s nine-month tally to 28.82 million, surpassing the prior annual record of 28.36 million in 2019.
Lots Of Democrats Bought Guns This Year
From The Epoch Times:
More than 1 in 9 registered Democrats recently bought a firearm, according to a late-August Epoch Times Big Data Poll.
NY State Senator Wants To Ban Sale And Manufacture Of Firearms
From Ammoland:
Specifically, the bill would amend New York State’s public nuisance law to allow the state to prosecute the “sale or manufacture of products†as an activity considered to illegally or unreasonably “create or maintain a condition which endangers the safety or health of a considerable number of persons.â€
While the language doesn’t mention firearms specifically, Myrie made clear in comments to the New York Daily News that guns are exactly the “products†he has in mind. “Every illegal gun on the street was a legally purchased gun at one time,†he said. Myrie continued: “In the wake of a gun violence epidemic plaguing the city, state, and nation, we have a duty to hold all responsible parties accountable.â€
12 Million Guns Sold In 2020, 13 Million Sold In All Of 2019
From Mediate:
“Our estimates suggest that the market for the first seven months of 2020 now has nearly matched that of the entire year of 2019,† said Jurgen Brauer, the firm’s chief economist.
Gun Dealer On Buying Guns and Ammo
From The Truth About Guns:
Demand is still outstripping supply on many different fronts on firearms and ammunition. Vendors have flat out told dealers that there’s nothing to ship and they should expect shelves for a while. Larger dealers get filled first, smaller dealers get the short end of the stick since they are, well, smaller accounts.
We’re seeing $500-650/thousand on 9mm FMJ 115gr online among the dealers that have anything left. Even Palmetto State Armory is picked clean on 9mm as of this writing, save for some defensive ammo at about $40 for a 20-round box.