| 1 | 1 | | By: Schaefer H.B. No. 2041 |
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| 2 | 2 | | |
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| 3 | 3 | | |
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| 4 | 4 | | A BILL TO BE ENTITLED |
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| 5 | 5 | | AN ACT |
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| 6 | 6 | | relating to notice to consumers when a financial institution |
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| 7 | 7 | | generates or collects prohibited firearm or ammunition purchase |
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| 8 | 8 | | information. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Chapter 271 Finance Code, is amended to add |
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| 11 | 11 | | Section 271.007 as follows: |
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| 12 | 12 | | Sec. 271.007. NOTICE TO CONSUMERS REGARDING FIREARM OR |
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| 13 | 13 | | AMMUNITION TRANSACTIONS. (a) Any international or domestic |
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| 14 | 14 | | merchant category code used in commerce in Texas or by a Texas |
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| 15 | 15 | | person to purchase firearms or ammunition shall only identify the |
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| 16 | 16 | | items purchased using a merchant category code indicating sporting |
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| 17 | 17 | | goods acquirement, and a financial institution shall not generate |
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| 18 | 18 | | or collect any customer personal identifying information except to |
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| 19 | 19 | | identify the purchases as sporting goods. |
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| 20 | 20 | | (b) A financial institution shall notify a customer in |
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| 21 | 21 | | writing each time any personal identifying customer information is |
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| 22 | 22 | | collected or generated in violation of Subsection (a). |
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| 23 | 23 | | (c) In this section: |
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| 24 | 24 | | (1) "Customer" has the meaning assigned by Section |
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| 25 | 25 | | 59.001, Finance Code. |
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| 26 | 26 | | (2) "Financial institution" has the meaning assigned |
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| 27 | 27 | | by Section 201.101, Finance Code. |
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| 28 | 28 | | (d) The Finance Commission of Texas shall adopt all rules |
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| 29 | 29 | | necessary to implement and enforce this Act on or before January 1, |
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| 30 | 30 | | 2024. |
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| 31 | 31 | | SECTION 2. This Act takes effect September 1, 2023. |
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