HB 1509 - Prohibits Payment Processors From Using Merchant Category Code 5723 for Firearm Purchases - Arkansas Key Vote
Timeline
- Executive Signed
- April 3, 2025
- Senate Bill Passed
- March 31, 2025
- House Bill Passed
- March 18, 2025
- Introduced
- Feb. 17, 2025
Related Issues
Stage Details
Title: Prohibits Payment Processors From Using Merchant Category Code 5723 for Firearm Purchases
Signed by Governor Sarah Huckabee Sanders
Title: Prohibits Payment Processors From Using Merchant Category Code 5723 for Firearm Purchases
Title: Prohibits Payment Processors From Using Merchant Category Code 5723 for Firearm Purchases
Vote Smart's Synopsis:
Vote to pass a bill that prohibits payment processors from using merchant category code 5723 for firearm purchases in Arkansas.
Highlights:
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Prohibits payment processors from using merchant category code 5723 for firearm purchases in Arkansas (Sec. 1).
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Specifies that the 5723 number was approved in 2022 by the International Organization for Standardization as the listing for gun and ammunition dealers, effective July 1, 2024 (Sec. 1).
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Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 2).
Title: Prohibits Payment Processors From Using Merchant Category Code 5723 for Firearm Purchases