HB1620 Summary

• Creates the Second Amendment Financial Privacy Act as a new subchapter of Arkansas Code Title 23, Chapter 32, effective September 1, 2023.

• Prohibits financial institutions from assigning or using firearms codes or ammunition merchant category codes to separately identify firearms and ammunition retailers in Arkansas from general merchandise or sporting goods retailers.

• Forbids financial institutions from keeping or maintaining lists, records, or registries of privately owned firearms or their owners.

• Authorizes the Attorney General to investigate violations and issue written notice, with a 30-day compliance period before seeking court injunctions and other relief.

• Allows private citizens harmed by violations to file civil actions for injunctions, with disclosure to federal government entities not being a defense unless required by federal law.