"Legislative Efforts to Regulate Firearm Sales and Credit Card Privacy"
A proposed bill in Colorado, SB24-066, aims to establish a new code, known as Merchant Category Codes (MCCs), to categorize firearm sales, requiring payment card networks to provide a specific code for businesses that sell firearms and ammunition. Supporters argue that this would help banks and credit card companies recognize dangerous firearm purchasing patterns to alert law enforcement, while opponents view it as a backdoor form of registration. The bill has cleared the Senate Business, Labor & Technology Committee and is heading for further consideration by the full Senate.