Mayor Rahm Emanuel and Chairman Edward M. Burke introduced an ordinance Monday that would make financial institutions ineligible to do business with the City of Chicago unless their business customers adopt restrictions on the sale of firearms, called a “Safe Guns Policy”.  This introduction follows efforts from the Mayor and the City Council to enact numerous common-sense gun safety reforms, including state licensing of gun stores, banning bump stocks, and raising the eligible age to purchase guns to 21.  The “Safe Guns Policy” requires that financial institutions file an affidavit with the City verifying that their business clients ban the sale of bump stocks and high-capacity magazines along with banning the sale of firearms to persons under the age of 21 and individuals who do not pass a background check.  In Chicago, no financial institution would be eligible to do business as a City depository, underwrite municipal bond issues, or engage in a myriad of other financial transactions unless they file such an affidavit.  Under the proposed ordinance, financial institutions that fail to comply with the ordinance may not be able to do business with the City. The ordinance would become effective 90 days after passage and publication.