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Stories of Interest
- SEC Adopts Statement and Interpretive Guidance on Public Company Cybersecurity Disclosures
- SEC Charges Former Bitcoin Exchange and Its Founder With Fraud
- JPMorgan Chase to Replace NYC Headquarters with 70-Story Skyscraper
- Citigroup Raises CEO Corbat's Pay 48% to $23Mn
- Should Congress Create a Crypto-Cop?
- JPMorgan Weighs Buying an Exchange-Traded Funds Firm
- Hey, Goldman Sachs: Wanna Buy BNY Mellon?
- SEC Order Rejecting Acquisition of Chicago Stock Exchange (CSX) by Chinese-Baesd Company
- Kyle Moffatt Named Chief Accountant in SEC CorpFinance
- SEC Suspends Trading in 3 Issuers Claiming Involvement in Cryptocurrency and Blockchain Technology
- Karen Garnett, Assoc. Director of SEC CorpFinance, to Leave After 23 Years of Service
- Louisiana Adviser Barred for Hiding Losses from Investors
- Connecticut HF Manager Illegally Diverted Investor Money - Now Owes Nearly $13Mn
- White House Cleaning House of Advisors Without Full Security Clearance
- Goldman Projects 30% Growth in Wealth Management Advisor Force
- Whistleblower Alleges Manipulation of CBOE Volatility Index
- FINRA Looking Into VIX (CBOE Volatility Index) Manipulation: WSJ
- Atlanta-Area Resident Charged with Misusing Investor Funds - SEC
- FINRA Announces 2018 West Region Networking Seminar
- Alberto Arevalo, Associate Director in Office of International Affairs, to Retire From SEC
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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.