"I prefer dangerous freedom to peaceful slavery." Citing those words of Thomas Jefferson, South Dakota Governor Kristi Noem signed an executive order to protect gun manufacturers from banks.
Noem, who approved the rule during the NRA convention, said her state is becoming the "most Second Amendment friendly." "It’s not just the media and big government that are attacking our rights, now we are seeing banking institutions go after law-abiding gun owners," the Republican justified and asserted, "I won't stand for it, not in South Dakota."
Financial institutions will not discriminate against law-abiding gun owners in South Dakota.
Not on my watch. pic.twitter.com/xCyZPvCfLm
— Kristi Noem (@KristiNoem) April 14, 2023
Executive Order 2023-04
The Mount Rushmore State will no longer award state public contracts of more than 100,000 dollars to financial entities that discriminate against industries linked to arms manufacturing.
The document argues that by denying service to companies for the mere fact of participating in the arms business, the financial entities violate the right of citizens to keep and bear arms. It also clarifies that financial institutions must perform a "traditional risk analysis", as they would do with companies in any sector. Whether or not to participate in arms sales should not be part of this consideration.
The umbrella of Executive Order 2023-04 seeks to protect everything from producers to shooting ranges and firearms-related associations. For this, banks, credit union companies, association funds and the like must present a certificate to enter into business with the state. If they lie, the contract may be terminated.