The bill enacts Chapter 67 of Title 51 of the Louisiana Revised Statutes, titled "The Second Amendment Financial Privacy Act," which establishes regulations concerning payment card transactions involving firearms and ammunition retailers. It defines key terms such as "firearm," "ammunition," "firearm retailer," and "merchant category code," and outlines the responsibilities of covered entities in relation to these transactions. Notably, the bill prohibits government entities from maintaining lists or registries of privately owned firearms and restricts payment card networks and covered entities from using merchant category codes that distinguish firearm retailers from other retailers.

Additionally, the bill provides a framework for addressing violations of its provisions, granting the attorney general the authority to investigate allegations and enforce compliance. If a violation is found, the attorney general can issue written notice, and if the violation is not remedied within thirty business days, legal action may be pursued. The bill also stipulates potential civil fines for non-compliance and emphasizes that the remedies outlined are exclusive to violations of this chapter.