Bill > SB281

This bill, titled the "Second Amendment Financial Privacy Act," aims to prohibit financial institutions from using a merchant category code to identify firearms transactions and prohibit the disclosure of financial information regarding firearms transactions. The bill defines key terms such as "financial institution," "firearms code," and "payment card transaction." It outlines exceptions where financial institutions or payment card networks can decline or refuse to process a transaction, such as to comply with applicable laws or for fraud or compliance purposes. The bill also gives the Attorney General the exclusive authority to enforce the act and outlines the process for investigating and addressing violations, including through civil fines and injunctions.

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