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Citigroup to help pay for out-of-state abortions

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Citigroup has begun paying travel expenses for employees going abroad due to newly enacted restrictions in Texas and other abortion locations, becoming the first major U.S. bank to make the commitment.

The new policy is “in response to changes in reproductive health laws in certain U.S. states,” the bank said late Tuesday in a public filing ahead of its annual general meeting in April.

The filing said the travel perks were “to facilitate access to adequate resources” and did not specifically mention abortion.

According to a person familiar with the matter, Citi provides transportation and housing for employees who have to leave states like Texas for abortions.

Citi has taken a stand on controversial issues before, including in 2018 when it imposed restrictions on its customers selling firearms following multiple mass shootings across the United States.

Several states with Republican-led legislatures are passing new abortion limits in anticipation that the US Supreme Court is likely to undermine constitutional abortion protections this year.

In Texas, the public can sue anyone who helps women get abortions after six weeks. The number of abortions in Texas fell by about 60% in the first month after the law went into effect on Sept. 1, according to the state Health Department.

The Idaho Senate has passed legislation banning abortions six weeks before many women know they are pregnant. Citigroup’s new policy was previously reported by Bloomberg News.

The submission describes employee compensation and benefits, as well as environmental, social and governance policies.

While Citigroup has no consumer offices in Texas, it does have institutional operations there and has long employed thousands of Texans in large data-handling offices.

https://nypost.com/2022/03/16/citigroup-to-cover-expenses-for-staff-out-of-state-abortions/ Citigroup to help pay for out-of-state abortions

DUSTIN JONES

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