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SB 24-066 CO
Became Law

Firearms Merchant Category Code

CO · session 2024A · Senate · bill

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Introduced Jan 22, 2024

Latest action (May 1, 2024) Introduced In Senate - Assigned to Business, Labor, & Technology

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)

Action history (17)

  1. May 1, 2024 Governor Signed · executive
  2. Apr 22, 2024 Sent to the Governor · executive
  3. Apr 22, 2024 Signed by the Speaker of the House · lower
  4. Apr 19, 2024 Signed by the President of the Senate · upper
  5. Apr 8, 2024 House Third Reading Passed - No Amendments · lower
  6. Apr 4, 2024 House Third Reading Laid Over Daily - No Amendments · lower
  7. Apr 3, 2024 House Second Reading Special Order - Passed - No Amendments · lower
  8. Apr 2, 2024 House Second Reading Laid Over Daily - No Amendments · lower
  9. Mar 27, 2024 House Committee on Business Affairs & Labor Refer Unamended to House Committee of the Whole · lower
  10. Feb 21, 2024 Introduced In House - Assigned to Business Affairs & Labor · lower
  11. Feb 21, 2024 Senate Third Reading Passed - No Amendments · upper
  12. Feb 20, 2024 Senate Second Reading Passed with Amendments - Committee · upper
  13. Feb 14, 2024 Senate Second Reading Laid Over to 02/20/24 - No Amendments · upper
  14. Feb 13, 2024 Senate Second Reading Laid Over Daily - No Amendments · upper
  15. Feb 12, 2024 Senate Second Reading Laid Over to 02/13/24 - No Amendments · upper
  16. Feb 8, 2024 Senate Committee on Business, Labor, & Technology Refer Amended to Senate Committee of the Whole · upper
  17. Jan 22, 2024 Introduced In Senate - Assigned to Business, Labor, & Technology · upper

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