2024-07-08 20:09:35
The bill does not require credit card companies to report on firearm purchases. It requires the companies to assign a specific merchant code to gun and ammunition dealers. There is no reporting requirement in this bill. Source: The actual text of the bill: [Link] NEEDS_MORE_RATINGS(1-0-6) Author
2024-07-08 20:26:31
For context, this bill does not require reporting of firearm and ammo purchases. However, the bill does state: "THE CREATION OF A NEW MCC FOR GUN AND AMMUNITION RETAIL STORES WOULD BE THE FIRST STEP TOWARDS FACILITATING THE COLLECTION OF VALUABLE FINANCIAL DATA" [Link] NEEDS_MORE_RATINGS(3-1-1) Author
2024-07-09 13:25:17
By creating a specific code these purchases will be tracked and searchable in transaction databases. It is factually wrong to claim they won't be tracked. What and who uses the data is a hypothetical at this point. NEEDS_MORE_RATINGS(2-0-0) Author