Bill Details
HR.1224 - 119th Congress
Status
Latest action
2025-02-12 - Referred to the House Committee on Financial Services.
Introduced Date
2025-02-12
Policy Area
Commerce
Committees
View committees (1)
Sponsors
Cosponsors
View cosponsors (17)
- Rep. Norman, Ralph [R-South Carolina-5]
- Rep. Grothman, Glenn [R-Wisconsin-6]
- Rep. Williams, Roger [R-Texas-25]
- Rep. Finstad, Brad [R-Minnesota-1]
- Rep. Rose, John W. [R-Tennessee-6]
- Rep. Newhouse, Dan [R-Washington-4]
- Rep. Moolenaar, John R. [R-Michigan-2]
- Rep. Hageman, Harriet M. [R-Wyoming]
- Rep. Weber, Randy K. Sr. [R-Texas-14]
- Rep. Gosar, Paul A. [R-Arizona-9]
- Rep. Edwards, Chuck [R-North Carolina-11]
- Rep. Gill, Brandon [R-Texas-26]
- Rep. Biggs, Andy [R-Arizona-5]
- Rep. Van Drew, Jefferson [R-New Jersey-2]
- Rep. Jackson, Ronny [R-Texas-13]
- Rep. Yakym, Rudy [R-Indiana-2]
- Rep. Hamadeh, Abraham J. [R-Arizona-8]
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AI Summary This summary was generated by AI from the bill text. AI can get information wrong.
This bill would stop credit card companies and other payment firms from using special merchant category codes that single out firearms dealers or ammunition sellers. In simple terms, it would prevent a business that sells guns or ammo from being labeled in a way that makes it easy to track those purchases separately through the credit card system. The bill says this rule would apply to banks, card issuers, payment networks, and other companies involved in processing card payments.
- It would add a new rule to the Truth in Lending Act.
- The rule would ban merchant category codes that separately identify firearms merchants or ammunition merchants.
- The ban would cover any company that helps authorize, clear, settle, or process a credit card transaction.
- The bill is meant to limit financial tracking of gun and ammunition purchases through payment systems.
Official Summaries
No summaries available
Current Full Text
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1224 Introduced in House (IH)]
<DOC>
119th CONGRESS
1st Session
H. R. 1224
To prohibit the use of a merchant category code that separately
identifies firearms merchants or ammunition merchants, and for other
purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 12, 2025
Mr. Ogles (for himself, Mr. Norman, Mr. Grothman, Mr. Williams of
Texas, Mr. Finstad, Mr. Rose, Mr. Newhouse, Mr. Moolenaar, Ms. Hageman,
Mr. Weber of Texas, Mr. Gosar, Mr. Edwards, Mr. Gill of Texas, and Mr.
Biggs of Arizona) introduced the following bill; which was referred to
the Committee on Financial Services
_______________________________________________________________________
A BILL
To prohibit the use of a merchant category code that separately
identifies firearms merchants or ammunition merchants, and for other
purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Protecting the Second Amendment in
Financial Services Act''.
SEC. 2. MERCHANT CATEGORY CODE LIMITATIONS WITH RESPECT TO FIREARM
MERCHANTS.
Section 127 of the Truth in Lending Act (15 U.S.C. 1637) is amended
by inserting after subsection (p) the following:
``(q) Merchant Category Code Limitations With Respect to Firearm
Merchants.--
``(1) In general.--A covered entity may not use a merchant
category code that separately identifies firearms merchants or
ammunition merchants.
``(2) Covered entity defined.--For the purposes of this
subsection, the term `covered entity' means any entity--
``(A) involved in facilitating or processing a
credit card transaction, including a bank, an acquirer,
payment card network, or payment card issuer; or
``(B) otherwise participates in the authorizing,
clearing, or settling of a credit card transaction.''.
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