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Senators advance bill to limit merchant coding and financial surveillance of gun and ammunition purchases
Summary
The Committee of the Whole reported House Bill 234 favorably; the bill bars payment processors from using merchant category codes to identify firearms or ammunition sales and prohibits financial institutions from discriminating against lawful firearms entities, while creating enforcement steps involving the attorney general and private civil actions.
House Bill 234, titled in the floor reading as the "Second Amendment Financial Privacy Act amendments," was reported favorably by the Committee of the Whole after debate on enforcement mechanisms and the role of the attorney general.
Senator Hyde (introducing on the floor in place of the sponsor) said the bill would prevent payment processors from assigning or using merchant category codes that identify sales of firearms or ammunition, and would make it unlawful for financial institutions to decline lawful payment card transactions for firearms or…
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