Protecting Privacy in Purchases Act
The source supplies the latest action, but no lifecycle stage.
Latest action (8 Apr 2024): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
What this bill does
The Protecting Privacy in Purchases Act, introduced by Senator Bill Hagerty, would prohibit payment card networks and other financial entities from assigning specific "merchant category codes" that identify businesses selling firearms or ammunition. Instead, these retailers would be classified under broader categories like general merchandise or sporting goods retailers.
This bill directly impacts payment card networks, companies that process credit and debit card transactions, and businesses that sell firearms and ammunition. It aims to prevent these entities from using specialized codes to distinguish firearms retailers, thereby offering a level of privacy for customers making such purchases. The Department of Justice would be responsible for enforcing the act.
As the bill was only recently introduced in the Senate, it has not yet been voted on by any committee or the full Senate. Its next step would be referral to the Committee on Banking, Housing, and Urban Affairs for consideration, where it could be amended, voted on, or held without further action. If passed by the Senate, it would then proceed to the House of Representatives for a similar process.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Protecting Privacy in Purchases Act
This bill prohibits payment card networks from using merchant codes that distinguish firearms retailers from other retailers.
The Department of Justice must enforce this bill and report annually on the resulting investigations and cases.
Timeline
8 Apr 2024
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Common questions
- What does S. 4075 do?
- The Protecting Privacy in Purchases Act, introduced by Senator Bill Hagerty, would prohibit payment card networks and other financial entities from assigning specific "merchant category codes" that identify businesses selling firearms or ammunition. Instead, these retailers would be classified under broader categories like general merchandise or sporting goods retailers. This bill directly impacts payment card networks, companies that process credit and debit card transactions, and businesses that sell firearms and ammunition. It aims to prevent these entities from using specialized codes to distinguish firearms retailers, thereby offering a level of privacy for customers making such purchases. The Department of Justice would be responsible for enforcing the act. As the bill was only recently introduced in the Senate, it has not yet been voted on by any committee or the full Senate. Its next step would be referral to the Committee on Banking, Housing, and Urban Affairs for consideration, where it could be amended, voted on, or held without further action. If passed by the Senate, it would then proceed to the House of Representatives for a similar process.
- Has S. 4075 become law?
- The source does not supply a confirmed lifecycle stage for S. 4075. Check the latest action and official source below.
- Who sponsored S. 4075?
- S. 4075 was sponsored by Sen. Hagerty, Bill [R-TN] (R-TN), with 22 cosponsors.
- What's the latest action on S. 4075?
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (8 Apr 2024).
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