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US HB1224
Bill
Status
2/12/2025
Primary Sponsor
Andrew Ogles
Click for details
AI Summary
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Prohibits the use of merchant category codes (MCCs) that separately identify firearms merchants or ammunition merchants in credit card transactions
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Applies to all entities involved in credit card processing, including banks, acquirers, payment card networks, and card issuers
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Also covers any entity that participates in authorizing, clearing, or settling credit card transactions
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Amends Section 127 of the Truth in Lending Act (15 U.S.C. 1637) by adding a new subsection on merchant category code limitations
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Introduced February 12, 2025 by Rep. Ogles with 13 Republican cosponsors; referred to the House Committee on Financial Services
Legislative Description
Protecting the Second Amendment in Financial Services Act
Commerce
Last Action
Referred to the House Committee on Financial Services.
2/12/2025