Bill

Bill > HB0108


WY HB0108

Firearm purchase protections.


summary

Introduced
01/16/2025
In Committee
Crossed Over
Passed
Dead
03/03/2025

Introduced Session

2025 General Session

Bill Summary

AN ACT relating to trade and commerce; prohibiting the categorization of firearms and ammunition merchants separately from general merchandise or sporting goods retailers as specified; creating a penalty; making conforming amendments; specifying applicability; and providing for an effective date.

AI Summary

This bill establishes protections for firearms and ammunition merchants in Wyoming by prohibiting financial institutions, payment networks, and other entities from categorizing such merchants differently from general merchandise or sporting goods retailers through merchant category codes (MCCs). Specifically, the bill defines key terms like "acquirer" (a financial institution that acts as an intermediary in payment transactions) and mandates that payment settlement entities cannot assign unique or discriminatory category codes to firearms and ammunition sellers. The legislation makes it unlawful to classify these merchants in a way that distinguishes them from other retail categories, with violations punishable by a $1,000 fine for each improper code assignment. Additionally, the bill amends existing law to prevent financial institutions from discriminating against firearm entities and prohibits declining payment card transactions based solely on the assignment of firearms or ammunition codes. The law will take effect on July 1, 2025, and will not retroactively impact contracts entered into before that date, instead applying only upon their renewal or modification.

Committee Categories

Justice

Sponsors (12)

Last Action

H:Died in Committee Returned Bill Pursuant to HR 5-4 (on 03/03/2025)

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