AB 1587

  • California Assembly Bill
  • 2023-2024 Regular Session
  • Introduced in Assembly
  • Passed Assembly May 25, 2023
  • Passed Senate Sep 11, 2023
  • Became Law Sep 26, 2023

Financial transactions: firearms merchants: merchant category code.

Abstract

Existing law, the California Financing Law, generally provides for the licensure and regulation of finance lenders, brokers, and program administrators by the Commissioner of Financial Protection and Innovation. Existing law establishes a firearm industry standard of conduct that requires a firearm industry member to establish, implement, and enforce reasonable controls and to take responsible precautions to ensure that the member does not sell, distribute, or provide a firearm-related product to a downstream distributor or retailer of firearm-related products under specified circumstances. Existing law prohibits a firearm industry member from manufacturing, marketing, importing, offering for wholesale sale, or offering for retail sale a firearm-related product that is abnormally dangerous and likely to create an unreasonable risk of harm to public health and safety in California, as specified. Existing law authorizes, among others, the Attorney General to bring a civil action against a firearm industry member for an act or omission in violation of the firearm industry standard of conduct, as specified. Existing law defines various terms for these purposes. This bill would, by July 1, 2024, require a payment card network to make the merchant category code for firearms and ammunition businesses established by the International Organization for Standardization on September 9, 2022, available for merchant acquirers that provide payment services for firearms merchants. The bill would, beginning May 1, 2025, require a merchant acquirer to assign to a firearms merchant that merchant category code. The bill would provide that the Attorney General has exclusive authority to enforce these provisions, and would authorize the Attorney General to bring a civil action to enforce these provisions and remedy harm caused by a violation of these provisions. The bill would require a court that determines that a person or entity has violated these provisions to award specified relief, including a civil penalty in the amount of $10,000 for each violation. The bill would define various terms for these purposes.

Bill Sponsors (2)

Votes


Actions


Sep 26, 2023

California State Legislature

Chaptered by Secretary of State - Chapter 247, Statutes of 2023.

California State Legislature

Approved by the Governor.

Sep 21, 2023

California State Legislature

Enrolled and presented to the Governor at 3:30 p.m.

Sep 13, 2023

Assembly

From committee: That the Senate amendments be concurred in. (Ayes 7. Noes 2.) (September 13).

Assembly

Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 60. Noes 15. Page 3490.).

Sep 12, 2023

Assembly

Re-referred to Com. on B. & F. pursuant to Assembly Rule 77.2.

  • Referral-Committee
Com. on B. & F. pursuant to Assembly Rule 77.2.

Assembly

Joint Rule 62(a), file notice suspended. (Page 3242.)

Assembly

Assembly Rule 77 suspended. (Page 3228.)

Sep 11, 2023

Senate

Read third time. Passed. Ordered to the Assembly. (Ayes 30. Noes 9. Page 2550.).

Assembly

In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 13 pursuant to Assembly Rule 77.

Aug 22, 2023

Senate

Read second time. Ordered to third reading.

Aug 21, 2023

Senate

From committee: Be ordered to second reading pursuant to Senate Rule 28.8.

Aug 14, 2023

Senate

From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on APPR.

  • Amendment-Introduction
  • Amendment-Passage
  • Reading-1
  • Reading-2
  • Referral-Committee
Com. on APPR.

Jul 13, 2023

Senate

Read second time and amended. Re-referred to Com. on APPR.

  • Amendment-Passage
  • Reading-1
  • Reading-2
  • Referral-Committee
Com. on APPR.

Jul 12, 2023

Senate

From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 2.) (July 11).

Jul 06, 2023

Senate

From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on JUD.

  • Amendment-Introduction
  • Amendment-Passage
  • Reading-1
  • Reading-2
  • Referral-Committee
Com. on JUD.

Senate

From committee: Do pass and re-refer to Com. on JUD. (Ayes 5. Noes 2.) (July 5). Re-referred to Com. on JUD.

  • Committee-Passage
  • Committee-Passage-Favorable
  • Referral-Committee
Com. on JUD.

Jun 21, 2023

Senate

Re-referred to Coms. on B. & F.I. and JUD.

  • Referral-Committee
Coms. on B. & F.I. and JUD.

Jun 14, 2023

Senate

Re-referred to Com. on RLS.

  • Referral-Committee
Com. on RLS.

Senate

Withdrawn from committee.

Jun 13, 2023

Senate

From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on HOUSING.

  • Amendment-Introduction
  • Amendment-Passage
  • Reading-1
  • Reading-2
  • Referral-Committee
Com. on HOUSING.

Jun 07, 2023

Senate

Referred to Com. on HOUSING.

  • Referral-Committee
Com. on HOUSING.

May 26, 2023

Senate

In Senate. Read first time. To Com. on RLS. for assignment.

May 25, 2023

Assembly

Read third time. Passed. Ordered to the Senate. (Ayes 76. Noes 0. Page 1801.)

May 18, 2023

Assembly

Read second time. Ordered to third reading.

Assembly

From committee: Do pass. (Ayes 15. Noes 0.) (May 18).

May 10, 2023

Assembly

In committee: Set, first hearing. Referred to APPR. suspense file.

  • Referral-Committee
APPR. suspense file. APPR

Apr 27, 2023

Assembly

From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 8. Noes 0.) (April 26). Re-referred to Com. on APPR.

  • Committee-Passage
  • Committee-Passage-Favorable
  • Referral-Committee
Com. on APPR.

Apr 19, 2023

Assembly

In committee: Set, first hearing. Hearing canceled at the request of author.

Apr 18, 2023

Assembly

Re-referred to Com. on H. & C.D.

  • Referral-Committee
Com. on H. & C.D.

Apr 17, 2023

Assembly

From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended.

Apr 11, 2023

Assembly

Re-referred to Com. on H. & C.D.

  • Referral-Committee
Com. on H. & C.D.

Apr 10, 2023

Assembly

From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended.

Mar 09, 2023

Assembly

Referred to Com. on H. & C.D.

  • Referral-Committee
Com. on H. & C.D.

Feb 18, 2023

Assembly

From printer. May be heard in committee March 20.

Feb 17, 2023

Assembly

Read first time. To print.

Bill Text

Bill Text Versions Format
AB1587 HTML
02/17/23 - Introduced PDF
04/10/23 - Amended Assembly PDF
04/17/23 - Amended Assembly PDF
06/13/23 - Amended Senate PDF
07/06/23 - Amended Senate PDF
07/13/23 - Amended Senate PDF
08/14/23 - Amended Senate PDF
09/18/23 - Enrolled PDF
09/26/23 - Chaptered PDF

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05/19/23- ASSEMBLY FLOOR ANALYSIS PDF
07/03/23- Senate Banking and Financial Institutions PDF
07/07/23- Senate Judiciary PDF
08/23/23- Sen. Floor Analyses PDF
09/12/23- ASSEMBLY FLOOR ANALYSIS PDF
09/12/23- Assembly Banking and Finance PDF
09/13/23- ASSEMBLY FLOOR ANALYSIS PDF

Sources

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