Bill > S00745

This bill removes dealers of ammunition from certain regulatory requirements related to merchant category codes (MCCs) for payment card networks in New York state. Specifically, the bill amends existing law to eliminate references to "dealers of ammunition" in provisions that previously required payment card networks and merchant acquirers to establish and assign a specific merchant category code for businesses selling firearms and ammunition. Under the revised law, only dealers of firearms will be subject to these requirements, which mandate that by November 1, 2024, payment card networks must make available a specific international standardization organization (ISO) merchant category code for firearms businesses, and by May 1, 2025, merchant acquirers must assign this code to firearms dealers in the state. The term "firearms" is defined according to the existing penal law definition. The bill appears to narrow the scope of the original regulation by focusing exclusively on firearms dealers rather than including ammunition dealers in the merchant category code requirements.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/S745