BofA’s Return to Texas Muni Market Stalled by More Gun Questions

Bank of America Corp. wants to revive its work in the No. 1 market for US municipal-bond sales.

But it doesn’t appear to have gotten a nod yet from the Republican-led Texas Attorney General’s Office, which is grilling the bank on its policies surrounding the firearms industry.

Austin Kinghorn, Texas associate deputy attorney general for legal counsel, sent the bank’s law firm dozens of questions about its gun industry policies in a June 26 letter. The document was obtained through a public records request.

The bank suspended underwriting in Texas in late 2021 after a new GOP law barred governmental ...