DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 413 Original 2019 Regular Session Miguez
Abstract: Prohibits a bank, credit union, financial institution, payment processor, savings and loan
association, or trust company from refusing to provide financial services to a person or trade
association solely because the person or trade association is involved in the lawful commerce
of firearms or ammunition.
Proposed law defines "financial services", "payment processor", and "trade association" as used in
proposed law.
Proposed law prohibits a bank, credit union, financial institution, payment processor, savings and
loan association, trust company from refusing to provide financial services to, refrain from
continuing to provide existing financial services, terminate existing financial services with, or
otherwise discriminate in the provision of financial services against a person or trade association
solely because the person or association is engaged in the lawful commerce of firearms or
ammunition and is licensed pursuant to present law.
Proposed law provides for the attorney general to seek a declaratory judgment, preliminary or
permanent injunction, and penalties of up to $10,000 per violation of proposed law as well as
expenses, investigative costs, and attorney fees.
(Adds R.S. 6:424)