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AR HB1509
Bill
Status
4/3/2025
Primary Sponsor
Howard Beaty
Click for details
AI Summary
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Payment card networks are prohibited from requiring merchant category codes that distinguish firearms retailers from other retailers for transactions within Arkansas
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Covered entities and merchants cannot assign the ISO-approved firearms-specific merchant category code 5723 to firearms retailers or purchases of firearms, accessories, and ammunition
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Persons, government units, and governmental organizations are prohibited from knowingly keeping lists, records, or registries of privately owned firearms or their owners
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The Attorney General enforces violations through written notice, with violators given 60 days to cease prohibited conduct before facing injunctions and civil penalties up to $10,000 per violation
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Good faith compliance with applicable law serves as a defense, and no private right of action is created under the act
Legislative Description
To Create The Second Amendment Financial Privacy Act; And To Prohibit Financial Institutions From Using Certain Discriminatory Practices.
Last Action
Notification that HB1509 is now Act 452
4/3/2025