The proposed bill aims to prohibit discrimination related to firearms in finance, lending, and state contracts. It establishes a legislative purpose to protect the rights of individuals and entities concerning firearms, as enshrined in the Montana Constitution. The bill introduces a requirement for entities seeking financial credit or state contracts valued at $100,000 or more to provide a "certificate of nondiscrimination," certifying that they do not discriminate based on firearms. Additionally, it outlines definitions for key terms such as "firearm," "ammunition," and "firearms accessories," and emphasizes that these certificates will be public records available for inspection.

Significant deletions from current law include the removal of provisions related to insurance and state investments, which are replaced with a focus on state contracts and financial credit. The bill also includes penalties for violations, allowing for fines up to $5,000 for entities that do not comply with the nondiscrimination policy. Furthermore, it allows individuals harmed by violations to seek legal recourse in district court. The bill is designed to take effect for agreements and contracts entered into by the state after its effective date, ensuring that existing rights and duties are not affected.