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119-hr-1224119th CongressWALLET

Protecting the Second Amendment in Financial Services Act

Sponsored By: Representative Ogles, Andrew [R-TN-5]

Introduced

Summary

Bars banks and payment processors from using merchant category codes that separately identify firearms or ammunition merchants. The Protecting the Second Amendment in Financial Services Act would add a new subsection to the Truth in Lending Act that forbids any covered entity, including banks, acquirers, payment card networks, issuers, and firms that authorize, clear, or settle card transactions, from assigning an MCC that singles out firearm or ammunition merchants.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

No separate payment code for gun stores

If enacted, banks, card networks, and payment processors would be barred from using a merchant code that singles out gun or ammo sellers. It would apply to any company that helps authorize, clear, or settle credit card transactions, including issuers and acquirers. Gun and ammo stores would not be separately identified by card codes. Payment firms would need to change how they label and monitor these merchants. The bill text does not specify an effective date.

Sponsors & CoSponsors

Sponsor

Ogles, Andrew [R-TN-5]

TN • R

Cosponsors

  • Rep. Norman, Ralph [R-SC-5]

    SC • R

    Sponsored 2/12/2025

  • Rep. Grothman, Glenn [R-WI-6]

    WI • R

    Sponsored 2/12/2025

  • Rep. Williams, Roger [R-TX-25]

    TX • R

    Sponsored 2/12/2025

  • Rep. Finstad, Brad [R-MN-1]

    MN • R

    Sponsored 2/12/2025

  • Rep. Rose, John W. [R-TN-6]

    TN • R

    Sponsored 2/12/2025

  • Rep. Newhouse, Dan [R-WA-4]

    WA • R

    Sponsored 2/12/2025

  • Rep. Moolenaar, John R. [R-MI-2]

    MI • R

    Sponsored 2/12/2025

  • Rep. Hageman, Harriet M. [R-WY-At Large]

    WY • R

    Sponsored 2/12/2025

  • Rep. Weber, Randy K. Sr. [R-TX-14]

    TX • R

    Sponsored 2/12/2025

  • Rep. Gosar, Paul A. [R-AZ-9]

    AZ • R

    Sponsored 2/12/2025

  • Rep. Edwards, Chuck [R-NC-11]

    NC • R

    Sponsored 2/12/2025

  • Rep. Gill, Brandon [R-TX-26]

    TX • R

    Sponsored 2/12/2025

  • Rep. Biggs, Andy [R-AZ-5]

    AZ • R

    Sponsored 2/12/2025

  • Rep. Van Drew, Jefferson [R-NJ-2]

    NJ • R

    Sponsored 2/13/2025

  • Rep. Jackson, Ronny [R-TX-13]

    TX • R

    Sponsored 3/3/2025

  • Rep. Yakym, Rudy [R-IN-2]

    IN • R

    Sponsored 6/5/2025

  • Rep. Hamadeh, Abraham J. [R-AZ-8]

    AZ • R

    Sponsored 7/14/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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