KANSAS CITY, Mo. — The Kansas City council voted 12 to 1 to pass a resolution encouraging the city’s pension board not to directly invest in companies that manufacture firearms.
It may be symbolic as far as the law goes, but Mayor Sly James is trying to address the issue of gun violence here in the city.
The mayor brought the resolution to the finance committee a about a week ago. It asks the board of the city’s four biggest pension funds. That includes city employees, police and firefighters to consider adopting policies against investing in companies that make guns.
The council voted to pass the resolution 12-1. That dissenting vote was from Councilman John Sharp who says it would have no immediate effort because none of the city’s four pension funds currently hold stock in companies that make guns.
Other cities with gun issues are adopting similar policies. In Chicago, Mayor Rahm Emanuel pushed for and got five billion divested from gun manufacturers.
The resolution is just a suggestion and carries no force of law.