CHICAGO (AP) — Mayor Rahm Emanuel has ordered an analysis of Chicago's city employee pension funds to see if they hold companies that make or sell assault weapons.
Emanuel spoke on Monday in Washington about his support for new gun control measures. He says legislation should focus on limiting criminal access to guns. Separately his office announced that Emanuel ordered the pension fund analysis as a "first step" in removing the companies from city investment plans.
The mayor said the city shouldn't invest in companies that "profit from the proliferation of assault weapons." The five city funds are worth more than $13.5 billion.
Emanuel said last week that he is working on a gun control ordinance for the city after an assault weapons ban stalled in the Illinois General Assembly.