CA ACR115

Urges banks with which California has a business relationship to evaluate their commercial relationships with gun manufacturers and consider the repercussions of gun violence.

Calls on all banks to discuss lending practices with shareholders and adopt practices aligned with California's values of protecting citizens before profit.

References Bank of America's decision to limit clients manufacturing assault weapons for nonmilitary use and Citibank's policy prohibiting firearm sales to individuals without background checks or under 21 years old.

Highlights that California's pension systems (CalPERS and CalSTRS) and investors managing $4.8 trillion in assets have called for the firearms industry to adopt safer technology, responsible dealer practices, and complete background checks.

Directs the Chief Clerk of the Assembly to transmit copies of the resolution for appropriate distribution.