Nevada to divest from manufacturers of ‘assault-style weapons’

The state of Nevada will divest any holdings it has in weapons companies that manufacture what the state’s CFO calls “assault-style weapons,” a move that comes after another high-profile mass shooting involving an AR-style rifle.

State Treasurer Zach Conine posted on Twitter on Friday that he had “directed our team to divest the State of Nevada from any investment in a business that profits from the sale or manufacture of assault-style weapons.”  

“No one policy or law will fix this crisis, but we all must do something,” Conine wrote. 

In a press release, Conine said that “beginning immediately, the Treasurer’s Office will implement an internal policy to no longer invest public funds in companies that profit off the manufacture or sale of assault-style weapons.” 

The state will also “direct external financial managers and outside investment partners to take similar action and limit business with manufacturers and sellers of assault style weapons.”

Conine in his press release does not define “assault-style weapons,” and indeed the definition itself has  often been viewed as a largely political one rather than a meaningful description of any one type of firearm. 

The move comes weeks after a mass shooting in Uvalde, Texas, in which a gunman used an AR-platform rifle to shoot and kill nearly two dozen schoolchildren and several adults.