H.R. 1224

119th CONGRESS 1st Session

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 · Sponsor: Mr. Ogles · Committee: Committee on Financial Services

Table of contents

• H.R. 1224
  • SEC. 1. Short title
  • SEC. 2. Merchant category code limitations with respect to firearm merchants

SEC. 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 () is amended by inserting after subsection (p) the following: 15 U.S.C. 1637
  • (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—
        • involved in facilitating or processing a credit card transaction, including a bank, an acquirer, payment card network, or payment card issuer; or
        • otherwise participates in the authorizing, clearing, or settling of a credit card transaction.