Senate Bill S8479

Signed By Governor
2023-2024 Legislative Session

Requires payment card networks to use certain merchant category-codes for firearm dealers

download bill text pdf

Sponsored By

Current Bill Status - Signed by Governor


  • 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

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Bill Amendments

co-Sponsors

2023-S8479 - Details

See Assembly Version of this Bill:
A9862
Law Section:
General Business Law
Laws Affected:
Add Art 29-BBB §§529 & 529-a, Gen Bus L

2023-S8479 - Summary

Requires payment card networks to use certain merchant category-codes for firearm and ammunition dealers.

2023-S8479 - Sponsor Memo

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

2023-S8479A (ACTIVE) - Details

See Assembly Version of this Bill:
A9862
Law Section:
General Business Law
Laws Affected:
Add Art 29-BBB §§529 & 529-a, Gen Bus L

2023-S8479A (ACTIVE) - Summary

Requires payment card networks to use certain merchant category-codes for firearm and ammunition dealers.

2023-S8479A (ACTIVE) - Sponsor Memo

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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