Cruz sent a letter to Emanuel and the heads of two banks and two gun manufacturing companies on Tuesday in response to a call by Emanuel, President Obama's former chief of staff, for the banks to stop lending to the gun makers.
"Your continued anti-gun crusade may well cause some to wonder if the interests of the citizens of Chicago are being sacrificed in pursuit of a partisan agenda," Cruz writes. "Regardless, directing your attack at legitimate firearms manufacturers undermines the Second Amendment rights of millions of Texans. In the future, I would ask that you might keep your efforts to diminish the Bill of Rights north of the Red River."
On Thursday Emanuel wrote to the top executives of Bank of America and TD Bank, respectively, urging them to stop lending to gun manufacturers Smith & Wesson and Sturm, Ruger & Co. In Cruz's response, the junior senator from Texas urges the bank CEOs to come to Texas.
"Both of your companies do considerable business in the City of Chicago, and you may be understandably concerned that there are risks to refusing to comply with the demands of a politician who has earned the nickname, 'The Godfather,' " Cruz writes to the bank chiefs. "In Texas, we have a more modest view of government.
"We do not accept the notion that government officials should behave as bullies, trying to harass or pressure private companies into enlisting in a political lobbying campaign. And we subscribe to the notion, quaint in some quarters, that private companies don't work for elected officials; elected officials work for private citizens.
"In light of the reception you have received in the Windy City, please know that Texas would certainly welcome more of your business and jobs you create," Cruz adds.
And to the gun manufacturers, Cruz offers to introduce their companies to banks in Texas.
"Should Mayor Emanuel's bullying campaign prove successful, I am confident that there are numerous financial institutions in Texas that would be eager to earn your business. And in the event that it might prove helpful, I would be happy to introduce you to their leaders," he writes.
Emanuel has recently been active in pushing stricter gun laws, both in his hometown and at the federal level. He recently appeared at a panel at the Center for American Progress alongside Rep. Mike Thompson (D-Calif.), the top Democrat on a House task-force for reducing gun violence, to discuss passing new gun restrictions.
Read Cruz's letter below: