Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 15, 2024 |
print number 8479a |
May 15, 2024 |
amend (t) and recommit to codes |
May 14, 2024 |
reported and committed to codes |
Feb 05, 2024 |
referred to consumer protection |
Senate Bill S8479A
2023-2024 Legislative Session
Sponsored By
(D) 20th Senate District
Current Bill Status - In Senate Committee Codes Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
Bill Amendments
co-Sponsors
(D) 30th Senate District
(D) 26th Senate District
(D, WF) 40th Senate District
2023-S8479 - Details
- See Assembly Version of this Bill:
- A9862
- Current Committee:
- Senate Codes
- Law Section:
- General Business Law
- Laws Affected:
- Add Art 29-BBB §§529 & 529-a, Gen Bus L
2023-S8479 - Sponsor Memo
BILL NUMBER: S8479 SPONSOR: MYRIE TITLE OF BILL: An act to amend the general business law, in relation to requiring issuers of credit and debit cards to use certain merchant category codes for firearm merchants PURPOSE 0R GENERAL IDEA OF BILL: THE CREATION OF A NEW MERCHANT CATEGORY CODE FOR GUN AND AMMUNITION RETAIL BUSINESSES AND DEALERS TO ENABLE FINANCIAL INSTITUTIONS TO MONI- TOR SUSPICIOUS PURCHASING PATTERNS. SUMMARY OF PROVISIONS: SECTION 1 AMENDS THE GENERAL BUSINESS LAW, ADDING NEW ARTICLE 29-BBB WHICH DEFINES THE TERMS "CREDIT CARD", "DEBIT CARD", "PERSON", "ISSUER", "HOLDER", "PROCESSOR", "PROCESSOR SERVICE", "SELLER", "DEALER OF AMMUNI- TION", "DEALER OF FIREARMS", AND "FIREARM".
2023-S8479 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8479 I N S E N A T E February 5, 2024 ___________ Introduced by Sen. MYRIE -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection AN ACT to amend the general business law, in relation to requiring issuers of credit and debit cards to use certain merchant category codes for firearm merchants THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The general business law is amended by adding a new article 29-BBB to read as follows: ARTICLE 29-BBB CREDIT AND DEBIT CARDS SECTION 529. DEFINITIONS. 529-A. MERCHANT CATEGORY CODES. § 529. DEFINITIONS. FOR THE PURPOSES OF THIS ARTICLE, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: 1. "CREDIT CARD" MEANS AND INCLUDES ANY CREDIT CARD, CREDIT PLATE, CHARGE PLATE, COURTESY CARD, OR OTHER IDENTIFICATION CARD OR DEVICE ISSUED BY A PERSON TO ANOTHER PERSON WHICH MAY BE USED TO OBTAIN A CASH ADVANCE OR A LOAN OR CREDIT OR TO PURCHASE OR LEASE PROPERTY OR SERVICES ON THE CREDIT OF THE ISSUER OR OF THE HOLDER. 2. "DEBIT CARD" MEANS A CARD, PLATE OR OTHER SIMILAR DEVICE ISSUED BY A PERSON TO ANOTHER PERSON WHICH MAY BE USED, WITHOUT A PERSONAL IDEN- TIFICATION NUMBER, CODE OR SIMILAR IDENTIFICATION NUMBER, TO PURCHASE OR LEASE PROPERTY OR SERVICES. THE TERM DOES NOT INCLUDE A CREDIT CARD OR A CHECK, DRAFT OR SIMILAR INSTRUMENT. 3. "PERSON" INCLUDES AN INDIVIDUAL, CORPORATION, PARTNERSHIP OR ASSO- CIATION, TWO OR MORE PERSONS HAVING A JOINT OR COMMON INTEREST OR ANY OTHER LEGAL OR COMMERCIAL ENTITY. 4. "ISSUER" MEANS A PERSON WHO ISSUES A CREDIT CARD OR A DEBIT CARD. 5. "HOLDER" MEANS A PERSON TO WHOM SUCH A CREDIT CARD OR DEBIT CARD IS ISSUED OR WHO HAS AGREED WITH THE ISSUER TO PAY OBLIGATIONS ARISING FROM THE USE OF A CREDIT CARD OR DEBIT CARD ISSUED TO ANOTHER PERSON. 6. "PROCESSOR" MEANS A PERSON WHO FACILITATES THE USE OF CREDIT CARDS OR DEBIT CARDS BETWEEN A HOLDER AND A SELLER.
co-Sponsors
(D) 30th Senate District
(D) 26th Senate District
(D, WF) 40th Senate District
2023-S8479A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9862
- Current Committee:
- Senate Codes
- Law Section:
- General Business Law
- Laws Affected:
- Add Art 29-BBB §§529 & 529-a, Gen Bus L
2023-S8479A (ACTIVE) - Sponsor Memo
BILL NUMBER: S8479A SPONSOR: MYRIE TITLE OF BILL: An act to amend the general business law, in relation to requiring payment card networks to use certain merchant category-codes for firearm merchants PURPOSE OR GENERAL IDEA OF BILL: The creation of a new merchant category code for gun and ammunition retail businesses and dealers to enable financial institutions to moni- tor suspicious purchasing patterns. SUMMARY OF PROVISIONS: Section 1 amends the general business law, adding new article 29-BBB which defines the terms "merchant acquirer", "payment card network", "person", "issuer", "processor service", "seller", "dealer of ammuni- tion", "dealer of firearms", and "firearm".
2023-S8479A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8479--A I N S E N A T E February 5, 2024 ___________ Introduced by Sens. MYRIE, CLEARE, GOUNARDES, HARCKHAM -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection -- reported favorably from said committee and committed to the Committee on Codes -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee AN ACT to amend the general business law, in relation to requiring payment card networks to use certain merchant category-codes for firearm merchants THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The general business law is amended by adding a new article 29-BBB to read as follows: ARTICLE 29-BBB CREDIT AND DEBIT CARDS SECTION 529. DEFINITIONS. 529-A. MERCHANT CATEGORY-CODES. § 529. DEFINITIONS. FOR THE PURPOSES OF THIS ARTICLE, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: 1. "MERCHANT ACQUIRER" MEANS AN ENTITY THAT ESTABLISHES A RELATIONSHIP WITH A MERCHANT FOR THE PURPOSES OF PROCESSING CREDIT, DEBIT, OR PREPAID TRANSACTIONS. 2. "PAYMENT CARD NETWORK" MEANS AN ENTITY THAT PROVIDES SERVICES THAT ROUTE TRANSACTIONS BETWEEN PARTICIPANTS ON THE NETWORK TO CONDUCT DEBIT, CREDIT, OR PREPAID TRANSACTIONS FOR THE PURPOSE OF AUTHORIZATION, CLEAR- ANCE, OR SETTLEMENT. 3. "PERSON" INCLUDES AN INDIVIDUAL, CORPORATION, PARTNERSHIP OR ASSO- CIATION, TWO OR MORE PERSONS HAVING A JOINT OR COMMON INTEREST OR ANY OTHER LEGAL OR COMMERCIAL ENTITY. 4. "ISSUER" MEANS A PERSON WHO ISSUES A CREDIT CARD OR A DEBIT CARD. § 529-A. MERCHANT CATEGORY-CODES. 1. FOR THE PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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