WASHINGTON—Illustrative of the risks to financial institutions from politics and other divisive issues, dozens of Republican lawmakers are urging the U.S. to cancel government contracts with Citigroup after the banking giant offered to pay the travel costs for employees seeking abortions.
Citi, the nation's fourth-largest bank, provides credit cards to members of the House of Representatives to pay for flights, office supplies and other goods, noted CBS News. Rep. Mike Johnson (R-LA) and 44 other lawmakers are urging House Chief Administrative Officer Catherine Szpindor to cancel the contract, arguing the legislative branch has long adhered to a policy of not funding abortions with taxpayer money.
"By offering to pay its employees in their efforts to terminate the lives of the unborn, Citi has forfeited its privilege of doing business with the House of Representatives," the Louisiana lawmaker and fellow Republicans stated in a letter to Szpindor.
Citi disclosed the new policy in a regulatory filing with the U.S. Securities and Exchange Commission in which it stated, "In response to changes in reproductive health care laws in certain states in the U.S., beginning in 2022 we provide travel benefits to facilitate access to adequate resources,” CBS News reported.
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