ALERT! Senator calls on DOJ and Treasury to “make rules” using new CC codes for guns and ammo…

Published on December 5, 2022
Duration: 4:54

This video, presented by an expert from Langley Outdoors Academy, details Senator Kirsten Gillibrand's call for the DOJ and Treasury to establish federal guidelines for financial institutions using new ISO-approved Merchant Category Codes (MCCs) for firearm and ammunition purchases. The speaker expresses concern that these codes, intended to track suspicious large-scale transactions potentially linked to gun trafficking, could be misused to monitor law-abiding gun owners. The expert highlights the shift from private sector initiatives to federal government action and questions the definition of 'unusually large purchases.'

Quick Summary

Senator Kirsten Gillibrand is urging the DOJ and Treasury to create federal guidelines for new ISO-approved Merchant Category Codes (MCCs) for firearm and ammunition purchases. While intended to track gun trafficking by flagging 'unusually large purchases,' concerns exist about potential overreach and impact on lawful gun owners.

Chapters

  1. 00:00Introduction & Welcome
  2. 00:19New Merchant Codes for Guns
  3. 00:43Call to Action & Urgency
  4. 00:59Senator Gillibrand's Intervention
  5. 01:44Federal Government Involvement
  6. 02:15ISO Approved Merchant Codes (MCCs)
  7. 02:42Orchestrated Policy Push
  8. 03:32Reporting Suspicious Purchases
  9. 04:07Defining 'Unusually Large Purchases'

Frequently Asked Questions

What are the new credit card codes for guns and ammo?

In September, the ISO approved new Merchant Category Codes (MCCs) specifically for large-scale purchases of firearms and ammunition. These codes are intended to help financial institutions track and report suspicious transactions potentially linked to gun trafficking.

Who is pushing for federal action on these gun transaction codes?

Senator Kirsten Gillibrand, along with figures from Amalgamated Bank, has called on the U.S. Department of Justice (DOJ) and the Treasury Department to establish federal advisories and policy frameworks for the use of these new MCCs.

What is the stated purpose of the new firearm and ammunition MCCs?

The stated purpose is to identify and report 'random and unusually large purchases' that could indicate gun trafficking. The codes are not intended to monitor or penalize ordinary firearm enthusiasts, hunters, or collectors.

What are the concerns regarding these new financial codes?

Experts express concern that the ambiguity of 'unusually large purchases' could lead to arbitrary enforcement, potentially impacting law-abiding gun owners and creating a de facto registry, thereby infringing on Second Amendment rights.

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