119-hr1224

[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.''.
 <all>