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Colorado: Legislation Requiring the Use of Firearm/Ammunition Merchant Category Codes Passes State Senate

Wednesday, February 21, 2024

Colorado: Legislation Requiring the Use of Firearm/Ammunition Merchant Category Codes Passes State Senate

Senate Bill 24-066, legislation requiring the use of merchant category codes by payment processors to identify firearm, firearm accessories, and ammunition purchases passes the State Senate and now heads to the State House. Please use the button below to contact your State Representative today and tell them to OPPOSE SB24-066!


In the Fall of 2022, the International Organization for Standardization (ISO) approved a Merchant Category Code (MCC) for firearm retailers. MCCs are used by payment processors (like Visa and Mastercard) and other financial services companies to categorize transactions. MCCs enable payment processors and banks to identify, monitor, and collect data on certain types of transactions. Before the ISO decision, firearm retailers fell under the MCC for sporting goods stores or miscellaneous retail.

Collecting firearm retailer financial transaction data amounts to surveillance and registration of law-abiding gun owners. Those promoting this scheme are in favor of firearm and gun owner registrations. Therefore, it should be assumed that the goal of this program is to share all collected firearm retailer MCC data with government authorities and potentially private third parties that may include gun control organizations and anti-gun researchers.

Again, please contact your State Representative and tell them to OPPOSE SB24-066!

Please continue to monitor your inbox for further updates from NRA-ILA on this and all other Second Amendment issues. 


 

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Colorado Banking & Finance
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NRA ILA

Established in 1975, the Institute for Legislative Action (ILA) is the "lobbying" arm of the National Rifle Association of America. ILA is responsible for preserving the right of all law-abiding individuals in the legislative, political, and legal arenas, to purchase, possess and use firearms for legitimate purposes as guaranteed by the Second Amendment to the U.S. Constitution.