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Legislative Year: 2024 Change
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Bill Detail: SB24-066

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Title Firearms Merchant Category Code
Status Governor Signed (05/01/2024)
Bill Subjects
  • Business & Economic Development
House Sponsors M. Froelich (D)
J. Mabrey (D)
Senate Sponsors T. Sullivan (D)
House Committee Business Affairs and Labor
Senate Committee Business, Labor and Technology
Date Introduced 01/22/2024
Summary

The bill requires certain networks that facilitate payment
transactions to make the merchant category code for firearms and
ammunition (code) available to merchant acquirers (processor) who
process transactions for firearms merchants. A processor must assign the
code to each firearms merchant to which the processor provides services.
The attorney general's office has exclusive authority to enforce the
bill. Before bringing an enforcement action, the attorney general's office
must notify in writing the person alleged to have violated the bill.
Standards are set for the notice. A violator has 30 days to cure the
violation in accordance with the standards in the bill.
If a person violates the bill and does not cure the violation, the
attorney general's office may bring an action to seek:
  • A civil penalty of up to $10,000 for each violation; or
  • An injunction or equitable relief that prevents a further
violation.
If the attorney general's office prevails in the action, a court may issue an
order requiring the violator to pay reasonable attorney fees and costs
incurred in bringing the action.

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with Amendments
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Fiscal Notes Fiscal Notes (05/28/2024) (most recent)  
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