Citi Draws Ire of Texas Republicans Over Its New Abortion Policy

[LetMyPeopleVote]

Yeah for Citi. One way to gut the Texas abortion ban (SB 8) is to pay for travel costs for employees to get the needed treatment and medical care

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Citigroup Inc. may have found a way of doing business in Texas while addressing one of the state’s hottest cultural divides.

Buried in a filing released Tuesday night, the bank disclosed it will now cover travel costs for employees seeking an abortion after several states including Texas implemented or proposed a near-total ban on the procedure. The New York-based bank will pay expenses, such as airfare and lodging, that employees may incur if forced to leave a state for an abortion.

Under Jane Fraser, who rose to become the bank’s chief executive officer a year ago, Citi is wading into the conflict over abortion rights just as some of the largest banks and asset managers in the U.S. accelerate a flight from the coasts, drawn to Texas and elsewhere by lower taxes, lighter regulation and warmer weather. Reaction from Texas Republicans was swift.

“The ‘travel benefits’ offered by Citigroup is nothing more than a PR stunt by a ‘woke’ company to support a culture of death,” George P. Bush, the Texas land commissioner running for the Republican nomination for attorney general, said by email Wednesday. “Texas is a pro-life state, and if elected Attorney General, I will hold actors who attempt to find loopholes in our laws accountable.”

[Walleye]

1. Didn't Texas try to find a loophole in the constitution?