Bill > S3706

Introduced Session

This bill requires payment card networks to make available for merchant acquirers that provide payment services for firearms merchants, and requires merchant acquirers to use, the merchant category code for firearms and ammunition businesses established by the International Organization for Standardization. Pursuant to the bill, "firearms merchant" means a business licensed in New Jersey as a retail firearms dealer for which the highest sales value is, or is expected to be, from the combined sale in New Jersey of firearms, firearm accessories, or ammunition, as stated by the business to its merchant acquirer in the ordinary course of business. The term "merchant acquirer" is defined to mean an entity that establishes a relationship with a merchant for the purposes of processing credit, debit, or prepaid transactions. The bill authorizes the Attorney General to bring a civil action to enforce the provisions of the bill against any person that violates the provisions of the bill and who does not cure the violation. A person determined by a court to have violated the provisions of the bill is subject to: (a) civil penalty in the amount of $10,000 for each violation; (b) injunctive relief sufficient to prevent the person from further violations; and (c) reasonable attorney's fees and costs incurred in investigating and bringing an action pursuant to the bill.

Committee Categories

Joe Vitale (D)*, 

Introduced in the Senate, Referred to Senate Law and Public Safety Committee (on 09/30/2024)

Official Document