Prohibits payment card networks and banks or other covered entities from requiring or assigning merchant category codes that single out firearms retailers, and lets the Attorney General enforce the ban.

• Bars payment card networks from requiring firearms retailers to use, or assigning them, merchant category codes used only or primarily for firearms retailers.
• Bars covered entities, such as banks and payment processors, from assigning those same codes to firearms retailers.
• Requires the Attorney General to set up a complaint process, send a written notice giving 30 days to fix a violation, and may then seek an injunction in federal court; creates no private right of action.
• Preempts state and local laws on these codes, but allows compliance with laws on fraud, dispute processing, data breaches, and suspicious activity, and requires an annual report to Congress.

• Financial Services Committee (House)
• Banking, Housing, and Urban Affairs Committee (Senate)

Finance and Financial Sector