SB 24-066 CO Became Law
Firearms Merchant Category Code
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Summary
The act requires certain networks that facilitate payment transactions to make the merchant category code for firearms and ammunition available to merchant acquirers (processor) who process transactions for firearms merchants. A processor must assign the code to each firearms merchant to which the processor provides services. The attorney general's office has exclusive authority to enforce the act. Before bringing an enforcement action, the attorney general's office must notify in writing the person alleged to have violated the act. Standards are set for the notice. A violator has 30 days to cure the violation in accordance with the standards in the act. If a person violates the act and does not cure the violation, the attorney general's office may bring a civil action to seek: A civil penalty of up to $10,000 for each violation; or An injunction or equitable relief that prevents a further violation. If the attorney general's office prevails in the action, a court may issue an order requiring the violator to pay reasonable attorney fees and costs incurred in bringing the action. APPROVED by Governor May 1, 2024 EFFECTIVE August 7, 2024(Note: This summary applies to this bill as enacted.)
Sponsors (3)
- Tom Sullivan Democratic · primary
- Meg Froelich Democratic · primary
- Javier Mabrey Democratic · primary
Action history (17)
- May 1, 2024 Governor Signed · executive
- Apr 22, 2024 Sent to the Governor · executive
- Apr 22, 2024 Signed by the Speaker of the House · lower
- Apr 19, 2024 Signed by the President of the Senate · upper
- Apr 8, 2024 House Third Reading Passed - No Amendments · lower
- Apr 4, 2024 House Third Reading Laid Over Daily - No Amendments · lower
- Apr 3, 2024 House Second Reading Special Order - Passed - No Amendments · lower
- Apr 2, 2024 House Second Reading Laid Over Daily - No Amendments · lower
- Mar 27, 2024 House Committee on Business Affairs & Labor Refer Unamended to House Committee of the Whole · lower
- Feb 21, 2024 Introduced In House - Assigned to Business Affairs & Labor · lower
- Feb 21, 2024 Senate Third Reading Passed - No Amendments · upper
- Feb 20, 2024 Senate Second Reading Passed with Amendments - Committee · upper
- Feb 14, 2024 Senate Second Reading Laid Over to 02/20/24 - No Amendments · upper
- Feb 13, 2024 Senate Second Reading Laid Over Daily - No Amendments · upper
- Feb 12, 2024 Senate Second Reading Laid Over to 02/13/24 - No Amendments · upper
- Feb 8, 2024 Senate Committee on Business, Labor, & Technology Refer Amended to Senate Committee of the Whole · upper
- Jan 22, 2024 Introduced In Senate - Assigned to Business, Labor, & Technology · upper
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