How HR 1224 changes current law

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill prohibits the use of a merchant category code that separately identifies firearms and ammunition merchants.

• 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-- ``(A) involved in facilitating or processing a credit card transaction, including a bank, an acquirer, payment card network, or payment card issuer; or ``(B) otherwise participates in the authorizing, clearing, or settling of a credit card transaction.''.

  This adds a new provision that prohibits entities from using specific merchant category codes for firearm and ammunition merchants.