H.R. 1224 — Protecting the Second Amendment in Financial Services Act

This section provides the short title of the Act as the “Protecting the Second Amendment in Financial Services Act.”

This section prohibits covered entities involved in credit card transactions, including banks, acquirers, payment card networks, and card issuers, from using a merchant category code that separately identifies firearms merchants or ammunition merchants. (Thus, entities that authorize, clear, settle, or otherwise process credit card transactions may not assign a code that distinguishes firearm or ammunition sellers from other merchants.)