On Thursday, Just the News posted an article about a new law passed in Ohio.
The article reports:
Gun owners in Ohio won’t have to worry about firearm purchases being tracked by financial institutions or having to carry liability insurance.
Senate Bill 58, one of a series of bills signed into law late Wednesday by Gov. Mike DeWine, received backing from pro-gun organizations like the National Rifle Association and Buckeye Firearms. But the Ohio Mayors Alliance and the Ohio Municipal League both opposed it.
Known as the Second Amendment Financial Privacy Act, the new law stops government entities from keeping a list of privately owned firearms or firearm owners and prohibits banks and other financial institutions from assigning a firearms code in a way that distinguishes a firearms retailer from other retailers.
In 2022, four major credit card companies established a rule that would create a new four-digit code to classify merchants by their business, specifically those that sell guns and ammunition. The rule has been on hold since.
The article notes:
The bill also stops cities from requiring gun owners to carry liability insurance, a provision supported by the NRA. An analysis from the Ohio Legislative Service Commission showed no political subdivisions in the state currently require it.
“Mandating law-abiding gun owners purchase firearms liability insurance is an unnecessary financial burden that infringes upon a constitutionally protected right,” the NRA’s John Weber said in testimony before the Senate Veterans and Public Safety Committee. “Forcing gun owners to incur additional fees on top of the already expensive costs of purchasing and maintaining firearms will only make it more difficult for good people to defend themselves and their families. Furthermore, liability insurance will never cover criminal acts, and those who break the law are already liable through our justice system.”
Let’s hope other states follow this example.