Creates new provisions relating to financial institutions
Second Read and Referred S Insurance and Banking Committee
Summary
The bill makes it illegal for any financial institution to refuse, end, or otherwise discriminate against a person or trade association that lawfully sells firearms or ammunition. It also shields banks, credit unions and similar entities from state civil liability when they act in good‑faith reliance on rules or written guidance issued by regulatory agencies, except in cases of fraud or gross negligence. Violations can be pursued by the attorney general and may carry civil penalties of up to $10,000 per breach.
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