PHOENIX — Gov. Katie Hobbs vetoed legislation Tuesday designed to bribe or blackmail Arizona banks into doing business with gun manufacturers and dealers.
In a brief message to lawmakers, the governor accepted the arguments of the lobbyist for the Arizona Bankers Association that imposing such a requirement would result in some financial institutions choosing not to do business with state and local governments. And that would mean fewer banks bidding on government business.
“This would limit competition and increase costs for local governments, costs which ultimately fall on taxpayers,” Hobbs wrote.
