SB281 - Second Amendment Financial Privacy Act

• Prohibits governmental entities from creating or maintaining lists or registries of privately owned firearms or firearm owners, except for records kept during criminal investigations or as required by law.

• Prohibits payment card networks from requiring firearms codes that distinguish firearm retailers from other retailers, and prohibits financial institutions from declining payment card transactions involving firearm retailers based solely on a firearms code assignment.

• Allows payment card networks and financial institutions to decline transactions for compliance with state or federal law, customer requests, fraud controls, merchant category exclusions, or to restrict firearms codes in the state.

• Grants the Attorney General exclusive authority to enforce the act, with remedies including written notice requiring cessation within 60 business days, court injunctions with attorney fees, and civil fines up to $1,000 per violation for non-compliance.

• Becomes effective October 1, 2024.