Pittsburgh’s Mayor Wants to Divest City Pension Funds from Gun Companies

by
posted on June 6, 2019
** When you buy products through the links on our site, we may earn a commission that supports NRA's mission to protect, preserve and defend the Second Amendment. **
pittsburgh.jpg

Using a financial bullying tactic, Pittsburgh Mayor Bill Peduto renewed his efforts to push his gun-control agenda by targeting firearms manufacturers.

 In a letter dated May 31, Peduto asked the Board Members of the Comprehensive Municipal Pension Trust fund to divest from firearms and ammunitions companies in the city’s investment fund valued at about $463 million.

 America’s First Freedom has documented efforts by politicians and companies to erode Second Amendment rights by exerting financial pressure on pensions and institutional investments. At the same time, city mayors continue to advocate anti-gun political opinions by enforcing ordinances targeting law-abiding gun owners and their businesses. Peduto is a notable figure in the movement.

 A recent study by the Center for Retirement Research at Boston College suggests “social investing” may not be beneficial overall to the health of public pension funds, as Peduto has requested of the pension trust board to consider doing. Pittsburgh carry advocates have protested against the mayor’s political advocacy.

 Meanwhile, two pro-gun U.S. senators submitted a bill this month to counter efforts to prohibit financial discrimination on firearm and ammunitions companies.

Latest

gun-constitution.jpg
gun-constitution.jpg

5 Reasons the Second Amendment Should Not Be Political

The right to keep and bear arms is enshrined in the U.S. Constitution. It is not a tool of one political party but rather is a right for all Americans, regardless of their background, income or voting history.

Gun Skills | A Skills Test: Cinco y Tres

Most violent crimes take place in close quarters. This simple drill will help prepare you for these scenarios.

President Trump Signs One Big Beautiful Bill

President Trump delivered even more good news to law-abiding gun owners in the process.

Gun Review | Springfield Armory Emissary AOS

This single-stack 1911 pistol offers power, precision, elegant looks and more.

The Department of Justice Started a Second Amendment Task Force

This marks a huge shift in how the federal government approaches this fundamental right.



Get the best of America's 1st Freedom delivered to your inbox.