The proposed bill introduces the Firearms Industry Nondiscrimination Act, which aims to prevent discrimination against firearm entities and firearm trade associations in government contracts and by financial institutions. 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 entered into after the act's effective date. The bill specifies that any contract violating these provisions would be void as against public policy, with exceptions for contracts with sole-source providers.

Additionally, the bill prohibits financial institutions that do business with the state from discriminating against firearm entities or trade associations based on their lawful commerce. It provides civil remedies for individuals harmed by such discrimination, allowing them to bring actions in court and seek damages, attorney fees, and other 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 statute of limitations for actions and outlines exceptions for financial institutions with written policies against discrimination.

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