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Excerpt from redstate.com
In a notable move to protect gun owners’ privacy, Alabama Gov. Kay Ivey (R) signed into law the Second Amendment Financial Privacy Act on May 6. This move was met with high praise from pro-gun rights groups, especially the National Shooting Sports Foundation (NSSF), which issued a press release lauding the passage of the law.
The legislation is a response to efforts to have credit card companies and other financial institutions track gun-related purchases ostensibly to help law enforcement prevent crimes using firearms. It is aimed at shielding the financial privacy of Alabama residents and preventing the private sector from creating a de facto gun registry.
The newly signed law prohibits financial institutions from assigning a specific Merchant Category Code (MCC) to firearm-related purchases. This move will not only protect the privacy of gun owners, but it will also prevent discrimination against firearm retailers. It also bars the creation or maintenance of any database or registry that tracks private firearm ownership in the state.
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