SB 776
Creating Firearms Industry Nondiscrimination Act
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- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
This bill, the Firearms Industry Nondiscrimination Act, aims to prevent financial institutions in West Virginia from discriminating against firearm entities and firearm trade associations. It establishes a prohibition on discrimination based on an entity’s involvement in the lawful firearms industry, with specific protections for manufacturers, distributors, and shooting ranges. The act also outlines remedies for violations and requires the Attorney General to take action against discriminatory financial institutions.
Key provisions
- Prohibits financial institutions from discriminating against firearm entities and trade associations.
- Defines key terms such as ‘firearm,’ ‘firearm accessory,’ and ‘financial institution.’
- Allows governmental entities to enter into contracts with financial institutions, subject to non-discrimination requirements.
- Provides a civil remedy for individuals harmed by financial institution discrimination.
- Requires the Attorney General to notify the Governor of discriminatory financial institutions and request termination of business relationships.
- Establishes a statute of limitations for legal actions related to discrimination.
- Includes exceptions for sole-source providers and financial institutions with written policies prohibiting discrimination.
- Specifies that the prohibition does not apply to decisions based on traditional business reasons or compliance with regulations.
Who is affected
- Financial Institutions
Sponsors
Official sponsors from legislative records.
Primary sponsor
Smith (Mr. President)
Cosponsor
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