HB1074: A BILL FOR AN ACT to amend the Indiana Code concerning trade regulation.

Page last updated: Sunday, April 20, 2025 at 7:28 PM (America/Indianapolis).

General Information

• Stage: Introduced House Bill (H)
• Current Chamber: house
• Origin Chamber: house
• Description: Firearms financial transactions.

Legislators

Actions (6 total)

• Feb 3, 2025, 9:29 AM: Representative Smith H added as coauthor
• Jan 27, 2025, 10:50 AM: Representatives Teshka and Prescott added as coauthors
• Jan 27, 2025, 10:50 AM: Representative Smith H removed as coauthor
• Jan 9, 2025, 5:19 AM: Representative Smith H added as coauthor
• Jan 8, 2025, 10:54 AM: First reading: referred to Committee on Financial Institutions
• Jan 8, 2025, 10:54 AM: Authored by Representative Haggard

Digest

Amends the Indiana Code chapter concerning the privacy of firearms financial transactions as follows: (1) Amends the definition of "firearm" to specify that a firearm component includes castings and products used in designing, manufacturing, assembling, or fabricating firearms or firearm components. (2) Prohibits a financial services provider from: (A) refusing to provide to a firearms retailer; (B) terminating an existing business relationship to provide to a firearms retailer; or (C) offering or providing on less favorable terms and conditions to a firearms retailer; any service to facilitate or process payment card transactions, solely on the basis of the firearms retailer's status as a firearms retailer. (3) Provides an exemption from these prohibitions if a prohibited action is taken: (A) to comply with federal or state law or a court order; or (B) at the request of a law enforcement agency in connection with an active criminal investigation.