Vote Smart's Synopsis:

Vote to pass a bill that prohibit credit card companies from requiring the use of a merchant category code that identifies a merchant as a firearms retailer.

Highlights:

• Prohibits a financial institution, as part of a payment card transaction, from requiring the use of a merchant category code that identifies the merchant as a firearms retailer (Sec. 1-4).

• Specifies that the Department of Justice may not maintain a list of firearm purchasers based on information from background checks that DOJ performs and that no governmental entity may maintain a list of firearm owners (Sec. 1-4).

• Requires the attorney general to enforce the prohibitions created in this bill (Sec. 1-4).

• Prohibits a financial institution or its agent from requiring the use of a firearms code in a way that distinguishes a firearms retailer from general merchandise retailers or sporting goods retailers (Sec. 1-4).

• Defines a “financial institution" as an entity involved in facilitating or processing a payment card transaction, including a bank, acquirer, payment card network, or payment card issuer (Sec. 1-4).

• Defines “firearms code" as the merchant category code 5723, approved in September 2022 by the International Organization for Standardization, for firearms retailers.

• Requires DOJ to ensure that such records background check records are not stored, maintained, or formatted into a list that identifies persons who have purchased a firearm (Sec. 1-4).

• Prohibits governmental entities from intentionally creating, storing, or maintaining a list of individuals who own firearms, with exceptions for criminal investigations  prosecutions or for determining compliance with court orders or injunctions (Sec. 1-4).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that prohibit credit card companies from requiring the use of a merchant category code that identifies a merchant as a firearms retailer.

Highlights:

• Prohibits a financial institution, as part of a payment card transaction, from requiring the use of a merchant category code that identifies the merchant as a firearms retailer (Sec. 1-4).

• Specifies that the Department of Justice may not maintain a list of firearm purchasers based on information from background checks that DOJ performs and that no governmental entity may maintain a list of firearm owners (Sec. 1-4).

• Requires the attorney general to enforce the prohibitions created in this bill (Sec. 1-4).

• Prohibits a financial institution or its agent from requiring the use of a firearms code in a way that distinguishes a firearms retailer from general merchandise retailers or sporting goods retailers (Sec. 1-4).

• Defines a “financial institution" as an entity involved in facilitating or processing a payment card transaction, including a bank, acquirer, payment card network, or payment card issuer (Sec. 1-4).

• Defines “firearms code" as the merchant category code 5723, approved in September 2022 by the International Organization for Standardization, for firearms retailers.

• Requires DOJ to ensure that such records background check records are not stored, maintained, or formatted into a list that identifies persons who have purchased a firearm (Sec. 1-4).

• Prohibits governmental entities from intentionally creating, storing, or maintaining a list of individuals who own firearms, with exceptions for criminal investigations  prosecutions or for determining compliance with court orders or injunctions (Sec. 1-4).

Full Bill Text