Enact the Second Amendment Financial Privacy Act

This bill, known as the Second Amendment Financial Privacy Act, prohibits financial institutions in Ohio from requiring merchants to use special payment codes that identify them as firearms or ammunition retailers. It prevents banks and payment processors from refusing to process credit or debit card transactions solely because a merchant sells guns or ammo. While financial institutions can still decline transactions for fraud, legal compliance, or customer requests, the law specifically bars them from using merchant category codes to distinguish firearm sellers from other businesses. The bill also establishes enforcement measures where the Attorney General can issue notices and seek court injunctions against any entity that violates these privacy protections.