Bill > H0272

This bill amends the Second Amendment Financial Privacy Act to provide additional protections for firearms retailers and customers in financial transactions. The bill expands definitions and restricts financial institutions and payment networks from discriminating against businesses involved in firearms-related commerce by prohibiting them from using specific merchant category codes (called "firearms codes") that single out firearms retailers. The legislation prevents financial institutions from declining transactions, charging higher fees, or limiting business with merchants solely based on their involvement with firearms, firearm accessories, ammunition, or related sales. The bill allows firearms retailers or customers to petition the Attorney General to investigate potential violations, and provides a mechanism for legal action if violations occur. If found in violation, entities can be served with a written notice and may face potential injunctions and civil penalties up to $10,000 per violation if they continue to improperly categorize or discriminate against firearms-related businesses. The law specifically protects firearms retailers physically located in Idaho and aims to prevent potential financial discrimination based on Second Amendment-related commerce. The bill becomes effective on July 1, 2025, and is declared an emergency measure.

Government Affairs

State Affairs Committee (H)

https://legislature.idaho.gov/sessioninfo/2025/legislation/H0272/