This Act may be cited as the Protecting the Second Amendment in Financial Services Act.

Section 127 of the Truth in Lending Act (15 U.S.C. 1637U.S. Code — Title 15, Section 1637View official source on GovInfo) is amended by inserting after subsection (p) the following: (q) Merchant category code limitations with respect to firearm merchants (1) In general A covered entity may not use a merchant category code that separately identifies firearms merchants or ammunition merchants. (2) Covered entity defined For the purposes of this subsection, the term covered entity means any entity— (A) involved in facilitating or processing a credit card transaction, including a bank, an acquirer, payment card network, or payment card issuer; or (B) otherwise participates in the authorizing, clearing, or settling of a credit card transaction..