Bill Text: TX HB2041 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to notice to consumers when a financial institution generates or collects prohibited firearm or ammunition purchase information.
Spectrum: Partisan Bill (Republican 7-0)
Status: (Introduced - Dead) 2023-03-08 - Referred to Pensions, Investments & Financial Services [HB2041 Detail]
Download: Texas-2023-HB2041-Introduced.html
| By: Schaefer | H.B. No. 2041 | |
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| relating to notice to consumers when a financial institution | ||
| generates or collects prohibited firearm or ammunition purchase | ||
| information. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Chapter 271 Finance Code, is amended to add | ||
| Section 271.007 as follows: | ||
| Sec. 271.007. NOTICE TO CONSUMERS REGARDING FIREARM OR | ||
| AMMUNITION TRANSACTIONS. (a) Any international or domestic | ||
| merchant category code used in commerce in Texas or by a Texas | ||
| person to purchase firearms or ammunition shall only identify the | ||
| items purchased using a merchant category code indicating sporting | ||
| goods acquirement, and a financial institution shall not generate | ||
| or collect any customer personal identifying information except to | ||
| identify the purchases as sporting goods. | ||
| (b) A financial institution shall notify a customer in | ||
| writing each time any personal identifying customer information is | ||
| collected or generated in violation of Subsection (a). | ||
| (c) In this section: | ||
| (1) "Customer" has the meaning assigned by Section | ||
| 59.001, Finance Code. | ||
| (2) "Financial institution" has the meaning assigned | ||
| by Section 201.101, Finance Code. | ||
| (d) The Finance Commission of Texas shall adopt all rules | ||
| necessary to implement and enforce this Act on or before January 1, | ||
| 2024. | ||
| SECTION 2. This Act takes effect September 1, 2023. | ||
