An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

Merchant Category Code (MCC)

A multi-digit code used by financial systems to classify businesses based on the type of goods they sell or services they provide.

Payment card network

An entity, like Visa or Mastercard, that provides the infrastructure and services for credit, debit, and prepaid card transactions.

Covered entity

Any company that works with merchants or other entities to process credit, debit, or prepaid card transactions.

Firearms retailer

A business legally selling or trading firearms or ammunition.

Injunction

A court order that requires a person or entity to stop doing a specific action or to perform a specific action.

Preemption

When a federal law takes precedence over and overrides state or local laws on the same subject.

Private right of action

The ability of an individual or private entity to sue in court to enforce a legal right or recover damages, rather than relying on government enforcement.