This video discusses the controversial practice of credit card companies using specific merchant codes to track gun and ammunition purchases, potentially flagging them for law enforcement. It highlights that 11 states have now enacted laws prohibiting Visa, MasterCard, and American Express from using these codes for such tracking. The speaker advises against using these credit cards for firearm and ammo purchases, recommending cash as an alternative.
A new federal bill has been introduced by Florida Democrats Jared Moskowitz and Maxwell Frost aiming to track suspicious gun and ammunition purchases. The bill proposes that credit card companies create new merchant category codes to identify sellers of firearms and ammunition, allowing for the flagging of suspicious transactions. This legislative effort is framed within the context of the Parkland shooting anniversary and is seen by the speaker as a political move to garner support in an election year, with little expectation of passing in the current GOP-controlled House.
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