Search Results for keywords:"merchant category codes"

Search Results: keywords:"merchant category codes"

H. R. 7352 — To prohibit States from prohibiting or otherwise deterring the usage of any merchant category code established by the International Organization for Standardization, including codes that identify firearm merchants and ammunition merchants.
February 14, 2024
Status:Introduced in House
Congress:118
Words:281
H.R. 7352, also known as the "Identify Gun Stores Act," aims to prevent states from banning or discouraging the use of specific merchant category codes set by the International Organization for Standardization. These codes, which include identifiers for firearm and ammunition...
Simple Explanation
This bill says that states can't stop stores from using special codes to show if they sell things like toy guns or toy bullet-shaped items. If a state tries to stop these codes, a big boss called the Attorney General can step in.
S. 4075 — To prohibit payment card networks and covered entities from requiring the use of or assigning merchant category codes that distinguish a firearms retailer from a general merchandise retailer or sporting goods retailer, and for other purposes.
April 08, 2024
Status:Introduced in Senate
Congress:118
Words:1,063
S. 4075, titled the "Protecting Privacy in Purchases Act," aims to prevent payment card networks and entities involved in processing transactions from assigning or requiring special merchant category codes for firearms retailers that differentiate them from general...
Simple Explanation
In this bill, it says that credit card companies can't use special codes to tell if you're buying something from a gun store instead of a regular toy or sports store. This means they won't be able to track or label gun store purchases differently from other types of stores.
H. R. 7450 — To prohibit payment card networks and covered entities from requiring the use of or assigning merchant category codes that distinguish a firearms retailer from general-merchandise retailer or sporting-goods retailer, and for other purposes.
February 23, 2024
Status:Introduced in House
Congress:118
Words:906
H.R. 7450, titled the “Protecting Privacy in Purchases Act”, aims to prevent payment card networks and related entities from requiring or assigning special merchant category codes that identify firearm retailers differently from general merchandise or sporting goods...
Simple Explanation
The bill wants to make sure credit card companies don’t use special codes to tell if a store sells guns instead of normal things like toys or sports gear. It also wants the government to check and report on this every year.

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