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- SEC Charges Additional Defendant in Fraudulent ICO Scheme
- Warren Buffett Simply Blew it on Wells Fargo Stock: Dick Bove (Video)
- Barclays and Deutsche Bank to Lag U.S. Trading Peers
- NY AG Schneiderman Seeks to Close Loophole That Could Let Trump Pardons Block State Charges
- 'Fearless Girl' is Moving to NYSE After Year Staring Down 'Charging Bull'
- What's In Your Wallet - American Express Shares Soar After Earnings Release
- Deutsche Bank's Executive Departures Continue Following Change in CEO
- Reflections of an Economist Commissioner (SEC's Piwowar)
- Billionaire HF Manager and The Fed Chair Runner-Up are Investing in New Cryptocurrency
- Court Finds 2 Brokers Liable for Fraud Involving Mortgage-Backed Securities
- One FINRA: An Organization’s Commitment to Diversity and Inclusion
- 2018 GASB Accounting Support Fee to Fund the Governmental Accounting Standards Board
- Barclays Eyes Move Into Cryptocurrency Trading
- Goldman Breaks From Wall Street Pack with Bond-Trading Boom
- Janney Montgomery Scott CEO Joins FINRA Board of Governors
- SEC Encourages Investors to Do Background Checks on Investor.gov
- The Martin Act: Wall Street Titan Takes Aim at Law That Tripped Him Up
- Bank of America’s Cost-Cutting Drive Pushes Profit to Record
- Larry Fink: Wall Street’s $6 Trillion Man Finally Worth $1Bn
- Activist Investor Wants Barclays Investment Banking Overhaul (Video)
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NEWSLETTERS & ALERTS
Is That a Pistol In Your Pocket or Are You Just Glad to See Me?
The House Judiciary Committee on Tuesday held a session to discuss a 4-bill package, including one bill (HB 4416) that would like the prohibition on concealed carry without a license for all but those who are already prohibited from carrying a firearm by state or federal law.
Rep. Michele Hoitenga testified that the legislation does not eliminate background checks or gun free zones currently codified under state law. Gun owners without a concealed pistol license would also not have reciprocity with most other states.
"It is currently legal in the state of Michigan for a law-abiding person to openly carry a firearm on their person without any training classes, fees or state bureaucracy. It only becomes illegal when a person puts on a coat, because the gun then becomes concealed. One millimeter of clothing makes the difference between a criminal act and a legal act."
Supporters said allowing gun owners to concealed carry without a license would help avoid situations where people make a mistake while carrying or transporting their firearm only to get charged with a felony.
Critics were concerned the legislation would prove a safety risk and raise legal quandaries, including whether people currently prohibited from obtaining a concealed pistol license would now be able to carry concealed firearms under the bills.
Another hearing will be held before the Committee considers a vote on the proposal.