Bill > HB51

This bill establishes new standards for financial institutions regarding the tracking of gun purchases, primarily focusing on protecting the rights of firearms retailers and preventing potential discrimination. Specifically, the bill prohibits financial institutions from using a specific Merchant Category Code (MCC 5723) to single out or discriminate against firearms retailers located in Missouri. The legislation prevents financial institutions from declining transactions, charging higher fees, or limiting business with customers or merchants solely based on their involvement with firearms-related commerce. The bill defines key terms such as "financial institution," "firearms retailer," and "disclosure," and provides a mechanism for enforcement through the state's attorney general. If a financial institution is found to be in violation, they will receive a written notice and have 30 calendar days to cease the problematic practice. Violations can result in legal action, including potential injunctions and civil penalties up to $10,000 per violation. The bill aims to protect Second Amendment rights and prevent potential financial tracking or discrimination against businesses and individuals involved in lawful firearms transactions.

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https://house.mo.gov/Bill.aspx?bill=HB51&year=2025&code=R