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 its subdivisions 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 investigate violations and seek injunctions against offenders. Notably, the bill modifies the Alaska Rules of Civil Procedure by delaying the effectiveness of injunctions and mandating the award of attorney fees to prevailing parties in related actions. These changes are contingent upon receiving a two-thirds majority vote in both houses of the legislature.

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