Protecting the Second Amendment in Financial Services Act

# Protecting the Second Amendment in Financial Services Act (HR 1224) **What the Bill Would Do** This bill aims to prevent banks and financial institutions from denying services to gun manufacturers, dealers, and retailers based on their business activities. The legislation would restrict what supporters describe as "financial discrimination" against the firearms industry. Banks and payment processors would face limitations on their ability to refuse accounts, loans, or services to legitimate gun-related businesses, even if those institutions have internal policies against financing weapons manufacturers or dealers. **Who It Affects** The bill primarily impacts gun manufacturers and dealers, financial institutions like banks and credit card companies, and indirectly gun owners.

It would constrain the business decisions of financial companies regarding which industries they serve, while potentially ensuring that firearms businesses have greater access to banking and payment processing services. **Current Status** HR 1224 is currently in committee and has not yet been voted on by the full House. The bill was introduced by Representative Andrew Ogles (R-TN) in the 119th Congress. No action has been taken beyond committee referral.