Bill > HB143

This bill establishes new protections for firearm retailers and financial privacy in financial transactions involving firearms. The legislation prohibits financial institutions and payment networks from discriminating against firearm retailers by using special merchant codes that single out firearm-related businesses, denying transactions, charging higher fees, or limiting business interactions based on these codes. The bill prevents financial institutions from disclosing financial records collected in violation of these provisions and allows firearm retailers or customers to petition the attorney general to investigate potential violations. If violations are found, the offending institution must cease the problematic practices within 30 days, and the attorney general can file an injunction to stop the violation. Violations can result in fines up to $10,000, with courts considering the financial resources of the violator and potential harm to Second Amendment rights when determining penalties. The bill also includes a separate provision prohibiting the creation of lists or registries of privately owned firearms by state entities or individuals, except in specific legal contexts like criminal investigations. Additionally, the bill contains provisions affecting civil procedure rules regarding injunctions and attorney fees, with certain sections contingent on receiving a two-thirds majority vote in the Alaska legislature.

Government Affairs

https://www.akleg.gov/basis/Bill/Detail/34?Root=HB143