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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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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.