The proposed bill, if enacted, would introduce significant updates to current statutes regarding firearms transactions in Arizona. It would establish the "Second Amendment Financial Privacy Act," which would explicitly prohibit government entities from maintaining any records or registries of privately owned firearms or their owners, except in cases related to criminal investigations or as mandated by law. Additionally, the bill would prevent payment card networks from using merchant category codes that distinguish firearm retailers from other retailers, thereby ensuring that such retailers are treated the same as other businesses in financial transactions.

Furthermore, the bill would grant exclusive enforcement authority to the Attorney General or county attorneys, requiring them to investigate any alleged violations and provide written notice to the offending parties. If violations are not rectified within 30 business days, the Attorney General or county attorney would be empowered to seek injunctions and civil penalties of up to $1,000 for each violation. The bill also defines key terms related to firearms and transactions, such as "firearm retailer," "merchant category code," and "covered entity," while designating the remedies outlined in the bill as the exclusive means of addressing violations.

Statutes affected:
Introduced Version: 44-7851, 44-7853
Senate Engrossed Version: 44-7851, 44-7853