BATON ROUGE, LA – The State Bond Commission today, led by Chairman and State Treasurer John M. Schroder, Sr., voted 7 to 6 to prohibit Citigroup and Bank of America from participating in an upcoming bond sale because of their restrictive gun policies.

“I personally believe the policies of these banks are an infringement on the rights of Louisiana citizens,” said Treasurer Schroder. “As a veteran and former member of law enforcement, I take the Second Amendment very seriously.

We have a very capable group of underwriters including some of the biggest banks in America who want to participate in this deal. No one can convince me that keeping these two banks in this competitive process is worth giving up our rights. ”