The proposed bill introduces the Firearms Industry Nondiscrimination Act, which aims to prevent discrimination against firearm entities and trade associations in government contracts and financial services. It establishes definitions for key terms such as "firearm," "financial institution," and "discriminate against a firearm entity," while outlining the application of the act to contracts between governmental entities and financial institutions. The bill prohibits governmental entities from entering contracts with financial institutions that discriminate against firearm-related businesses and declares such contracts void if they violate this provision. An exception is made for contracts with sole-source providers.

Additionally, the bill prohibits financial institutions that do business with the state from discriminating against firearm entities based on their lawful commerce. It provides civil remedies for individuals harmed by violations, allowing them to bring actions in court and seek damages, attorney fees, and injunctive relief. The Attorney General is granted enforcement authority, including the ability to file civil actions and request the termination of business relationships with non-compliant financial institutions. The bill also establishes a two-year statute of limitations for bringing actions under this act.

Statutes affected:
Introduced Version: 5A-13-1, 5A-13-2, 5A-13-3, 5A-13-4, 5A-13-5, 5A-13-6