The bill aims to enhance the privacy of firearm transactions and prevent discrimination against firearm retailers by financial institutions and payment networks. It introduces a new section to Alaska Statute 06.90, which prohibits financial institutions and payment networks from requiring a firearm code that distinguishes firearm retailers from other types of retailers. Additionally, it forbids these entities from discriminating against firearm retailers by declining transactions, imposing higher fees, or taking actions that impede lawful commerce involving firearms and related products. The bill also establishes that financial records collected in violation of this section cannot be disclosed, and it allows firearm retailers or customers to petition the attorney general to investigate alleged violations.

Furthermore, the bill amends Alaska Statute 44.99 to prohibit the state or any political subdivision from maintaining a list or registry of privately owned firearms, with exceptions for criminal investigations. It also includes provisions for the enforcement of these regulations, allowing the attorney general to take action against violators and ensuring that reasonable attorney fees are awarded to prevailing parties in related legal actions. The bill includes indirect amendments to the Alaska Rules of Civil Procedure, specifically regarding the timing of injunctions and the awarding of attorney fees, which will take effect only if certain voting thresholds are met in the legislature.

Statutes affected:
SB0136A, AM SB 136, introduced 03/19/2025: 44.99.515, 11.81.900, 06.90.020