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Banks, insurers oppose bill aimed at preventing 'debanking' of gun owners; sponsor says it protects Second Amendment rights
Summary
Senate Bill 176 would bar financial and insurance companies from denying services based on firearm ownership or affiliation; proponents called it a defensive measure against national trends, while banks, credit unions and insurers warned the text is vague, could spur litigation and hamper underwriting.
Sen. Ken Bartner opened Senate Bill 176 by linking the measure to national reports of "debanking" of gun owners and businesses. "This bill ensures that individuals, groups and businesses in Montana cannot be denied financial or insurance services simply for exercising their Second Amendment rights," he told the committee.
Supporters — including the Montana Shooting Sports Association and several firearm business…
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