119-HR1224
Protecting the Second Amendment in Financial Services Act
Last action was on 2-12-2025
SenateCurrent status is Referred to the House Committee on Financial Services.
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119th CONGRESS
1st Session
H. R. 1224
1. Short title2. Merchant category code limitations with respect to firearm merchants1. Short title
This Act may be cited as the "Protecting the Second Amendment in Financial Services Act".
2. Merchant category code limitations with respect to firearm merchants
Section 127 of the Truth in Lending Act (15 U.S.C. 1637) is amended by inserting after subsection (p) the following:
(q) Merchant category code limitations with respect to firearm merchants -
(1) In general - A covered entity may not use a merchant category code that separately identifies firearms merchants or ammunition merchants.
(2) Covered entity defined - For the purposes of this subsection, the term covered entity means any entity—
(A) - involved in facilitating or processing a credit card transaction, including a bank, an acquirer, payment card network, or payment card issuer; or
(B) - otherwise participates in the authorizing, clearing, or settling of a credit card transaction.