May 30, 2023
NSSF Commends North Dakota Gov. Burgum for Signing Second Amendment Financial Privacy Act
WASHINGTON, D.C. — NSSF®, The Firearm Industry Trade Association, commends North Dakota Gov. Doug Burgum for signing legislation to protect the financial privacy of purchases with credit cards at firearm retailers. Gov. Burgum signed the Second Amendment Financial Privacy Act to prohibit the use of a special Merchant Category Code (MCC) for credit card purchases and prevent personal financial information from being shared by financial institutions.
“Governor Burgum is putting gun control special interests in ‘woke’ Wall Street financial corporations on notice that their attempts at antigun policies end at North Dakota’s borders,” said Lawrence G. Keane, NSSF Senior Vice President and General Counsel. “North Dakotans legally purchasing firearms and ammunition should never be threatened by private financial service providers or government authorities by having their name and financial data being added to a government-accessible watchlist simply for exercising their Second Amendment rights. Governor Burgum is ensuring North Dakotans won’t be held captive by the radical ‘woke’ antigun agenda that seeks to weaponize credit cards in gun owners’ wallets against them. Gun owners should worry about what’s in their wallet, not who’s in their wallet.”
Gov. Burgum signed the Second Amendment Financial Privacy Act (HB 1487). The law prohibits financial institutions from requiring a firearm retailer-specific code that is different from that of other sporting goods or general merchandise retailers.
In late 2022, the International Organization for Standardization (ISO) announced it would create a unique MCC, at the behest of Amalgamated Bank which has been described as the Left’s Private Banker, that would allow credit card companies to monitor transactions at firearm retailers. Credit card companies suspended plans to implement the use of unique firearm retailer MCCs after significant opposition by NSSF and several state governments.
North Dakota joins Florida, West Virginia, Mississippi and Idaho in enacting laws to protect firearm purchasers’ privacy when using credit cards at firearm retailers. Legislation similar to these state laws is pending in Congress.
NSSF is the trade association for the firearm industry. Its mission is to promote, protect and preserve hunting and the shooting sports. Formed in 1961, NSSF has a membership of thousands of manufacturers, distributors, firearm retailers, shooting ranges, sportsmen’s organizations and publishers nationwide. For more information, visit nssf.org.