Wisconsin 2023-2024 Regular Session

Wisconsin Assembly Bill AB468

Introduced
10/5/23  
Refer
10/5/23  
Report Pass
1/16/24  
Refer
1/16/24  

Caption

Prohibiting firearms merchant category codes in payment card transactions, prohibiting government lists of firearm owners, and providing a penalty.

Impact

The bill, if enacted, would amend existing statutes to enforce stricter regulations against the creation and maintenance of lists identifying firearm purchasers and owners. These changes will primarily affect how transactions are recorded by financial institutions and will significantly limit the state's ability to compile records regarding legal firearm ownership. This could lead to enhanced privacy protections for gun owners, while also posing challenges for law enforcement's ability to track potentially illegal activities related to firearms.

Summary

Assembly Bill 468 aims to regulate how firearms are treated in payment card transactions and the handling of records related to firearm purchases. The bill specifically prohibits financial institutions from utilizing a firearms merchant category code in a way that identifies firearms retailers, aiming to prevent discrimination against such businesses. Additionally, it seeks to ensure that the Department of Justice and other governmental entities do not maintain lists identifying firearm owners based on background check data, enhancing privacy for individuals who legally own firearms.

Contention

Debate around AB468 centers on the implications for public safety and individual rights. Supporters argue that the bill would protect gun owners from undue surveillance and potential discrimination by financial institutions. Critics, however, raise concerns that restricting the ability of government agencies to maintain records on firearm ownership could hinder investigations related to crime and gun violence. This tension reflects broader societal debates about gun rights and public safety, with strong opinions on both sides regarding the balance between personal privacy and community safety.

Companion Bills

No companion bills found.

Previously Filed As

WI SB466

Prohibiting firearms merchant category codes in payment card transactions, prohibiting government lists of firearm owners, and providing a penalty.

WI AB1587

Financial transactions: firearms merchants: merchant category code.

WI HB0151

Firearms merchant category code-prohibition.

WI SB1143

Firearms transactions; merchant codes; prohibition

WI HB2727

Firearms; merchant category codes; prohibition

WI HF2464

A bill for an act relating to merchant category codes for transactions involving firearms and ammunition, firearm registries and records, and providing civil penalties. (Formerly HSB 671.) Effective date: 07/01/2024.

WI SB066

Firearms Merchant Category Code

WI HSB671

A bill for an act relating to government records of firearms, and payment card transactions involving firearms and ammunition, and providing civil penalties.(See HF 2464.)

WI HB389

Financial Institutions; to prohibit financial institutions from using a merchant category code to identify firearms transactions; to prohibit disclosure of financial information regarding firearms transactions

WI SB281

Financial Institutions; to prohibit financial institutions from using a merchant category code to identify firearms transactions; to prohibit disclosure of financial information regarding firearms transactions

Similar Bills

MS HB1110

Second Amendment Financial Privacy Act; create.

AL HB181

Relating to financial institutions; to amend Section 5-5A-43, Code of Alabama 1975, to prohibit financial institutions from disclosing certain customer financial records of firearms transactions with certain exceptions; to allow the Department of Finance to disqualify a financial institution from any selection process for state contracts for violation of this prohibition; and to provide civil penalties and criminal penalties for violation of the act.

WI SB466

Prohibiting firearms merchant category codes in payment card transactions, prohibiting government lists of firearm owners, and providing a penalty.

IA SF2221

A bill for an act relating to payment card transactions involving firearms and ammunition, and providing civil penalties.

AL HB389

Financial Institutions; to prohibit financial institutions from using a merchant category code to identify firearms transactions; to prohibit disclosure of financial information regarding firearms transactions

AL SB281

Financial Institutions; to prohibit financial institutions from using a merchant category code to identify firearms transactions; to prohibit disclosure of financial information regarding firearms transactions

MT SB359

Prohibit tracking of firearms sales by financial institutions

CA AB1333

Single-family dwelling units: bundled sales.