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Stories of Interest
- Deutsche Bank ‘Beyond Repair’ as Trading Drops - Autonomous Research
- Guggenheim Partners CEO Might Step Down
- Wachovia Customer Sues Wells Fargo Over FundSource Losses - Bill Singer
- Credit Downgrade for Wells Fargo Due to Fake Account Scandal
- CFTC Commissioner Quintenz Named Sponsor of the Technology Advisory Committee
- Harbour and Geneos Customers Win FINRA Arbitration Against Stockbroker - Bill Singer
- Equifax Suffered a Hack Almost Five Months Earlier Than the Date It Disclosed
- The World’s Biggest Wealth Fund Hits $1 Trillion
- At Jefferies, Like Wall Street, Trading Cedes to Banking
- Ex-SAC Trader Who Pleaded Guilty to Insider Trading Just Remembered He’s Innocent
- JPMorgan Turns to Amazon for Retail 'Customer Experience'
- Goldman Sachs Names Ken Hitchner as New Chairman for Asia Pacific
- Judge All but Tosses SEC Case Against ‘Rogue’ Trader And Ex-FBI Informant Guy Gentile
- 'Boys are #1 Among NFL's Most Valuable Teams
- Fake Tax Returns - Your Next Worry After the Equifax Breach
- FINRA DR Recruiting Arbitrators, Mediators at Congressional Black Caucus Conference
- JPMORGAN: Here's who we think will replace Warren Buffett at Berkshire Hathaway
- Mueller to Search Facebook for Russia-Linked Accounts
- Mark Gomes, Market Analyst and Trade Scalper Settles with SEC
- Equifax Waives Credit Lock Fees For Consumers, Amid Criticism
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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.