The proposed bill aims to amend the Code of West Virginia by introducing a new article that prohibits financial institutions from discriminating against firearms businesses. It defines key terms such as "firearm," "firearm accessory," and "financial institution," and outlines what constitutes discrimination, including refusal to engage in trade or termination of business relationships. The bill clarifies exceptions where financial institutions may not be held liable for discrimination if they have a written policy against it or if their actions are based on legitimate business reasons.

Additionally, the bill establishes civil remedies for individuals harmed by violations, allowing them to file lawsuits against offending financial institutions. Successful plaintiffs may be awarded various forms of damages, including actual and punitive damages, as well as attorney fees. The Attorney General is also empowered to take legal action against violators, with the potential for civil penalties and the requirement to report violations to the governor. The statute of limitations for filing civil actions is set at two years, and the article is set to take effect on July 1, 2026.

Statutes affected:
Introduced Version: 31A-8H-1, 31A-8H-2, 31A-8H-3, 31A-8H-4