Chinese and Central American Temporary Protected Status Act of 1989

The Firearm Industry Non-Discrimination Act (FIND Act) mandates that federal agencies include a clause in all procurement contracts requiring prime contractors to certify they do not discriminate against firearm entities or trade associations. This applies to both current policies and future policies during the contract term. Furthermore, prime contractors are prohibited from awarding subcontracts greater than 10% of the total value to entities that fail to provide a similar certification. This bill directly addresses the practice of financial institutions and other service providers refusing services to firearm-related businesses. This legislation creates a clear financial incentive for contractors to maintain neutrality towards the firearm industry. Any company seeking federal contracts must align its policies to avoid discrimination against firearm entities. This ensures that firearm manufacturers and related businesses, such as ammunition suppliers, maintain access to essential services and supply chains without facing politically motivated exclusion. The bill does not appropriate new funds but re-directs existing federal procurement spending towards companies compliant with its non-discrimination clause. Historically, legislative efforts to protect specific industries from discrimination by financial institutions or service providers have led to increased stability and access to capital for those industries. While direct historical precedent for this specific type of firearm industry protection at the federal contracting level is limited, similar state-level actions have shown positive impacts on the targeted industries. For example, states passing similar legislation have seen financial institutions re-evaluate their policies to avoid losing state contracts, which in turn benefits the firearm industry by ensuring access to banking and other services. Specific winners include publicly traded firearm manufacturers and ammunition suppliers, such as Sturm, Ruger & Company ($RGR), Smith & Wesson Brands, Olin Corporation ($OLN) through its Winchester brand, and Vista Outdoor through its ammunition and shooting accessories segments. American Outdoor Brands also stands to benefit. Companies that have implemented or are considering policies that discriminate against the firearm industry will be at a disadvantage, potentially losing access to lucrative federal contracts. The bill is sponsored by Rep. Bergman (R-MI-1) and has 117 cosponsors, indicating significant support within the House, particularly among Republican members. Its referral to the Committee on Oversight and Government Reform suggests a focus on government contracting practices. The next step for HR45 is consideration by the Committee on Oversight and Government Reform. If it passes committee, it will move to a floor vote in the House. Should it pass the House, it would then proceed to the Senate for consideration. The timeline for passage is uncertain, but the broad cosponsor support suggests it has a reasonable chance of advancing through the House. If enacted, the provisions would immediately apply to new federal contracts, requiring agencies to update their procurement clauses.