Katie Porter: “In 2021, the Texas state government passed a law prohibiting…”

“We are sacrificing the freedom to invest and we are all poorer. We're poorer because we have fewer choices and we're literally poorer because we have lower returns. In 2021, the Texas state government passed a law prohibiting municipalities from signing loans with banks that they believe boycott fossil fuel companies. I believe also guns. Is it better for municipalities to have more options for loans or fewer options for loans? It's a simple supply demand kind of issue.” (04:20–04:33)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.