TO CREATE THE SECOND AMENDMENT FINANCIAL PRIVACY ACT; TO PROHIBIT FINANCIAL INSTITUTIONS AND PAYMENT NETWORKS FROM USING CERTAIN DISCRIMINATORY PRACTICES; AND TO PROVIDE FOR ENFORCEMENT OF VIOLATIONS.

House Bill 1443, known as the "Second Amendment Financial Privacy Act," aims to protect the financial privacy of customers purchasing firearms, ammunition, and firearm accessories. The bill prohibits financial institutions and payment networks from implementing practices that assign specific "firearms codes" to payment card transactions. These codes could identify a merchant as a firearms retailer or indicate that a transaction involves firearms or related items. The legislation also restricts the disclosure of such protected financial information for purposes other than processing the payment transaction, directly affecting financial institutions, payment networks, and their customers in the state.