Issues

Texas Senate Committee Passes Second Amendment Financial Privacy Act

Titled the Second Amendment Financial Privacy Act, the legislation would prohibit a financial institution operating in Texas from requiring or assigning a firearms code, which is defined as “any merchant category code approved by the International Organization for Standardization for a firearms retailer, including Merchant Category Code 5723.”

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New York Senate Committee Passes Bill to End Civil Asset Forfeiture and Opt State Out of Federal Forfeiture Program

a New York Senate committee passed a bill that would end civil asset forfeiture in the state and replace it with a criminal process. Passage of the bill would also opt the state out of a program that allows police to circumvent more strict state forfeiture laws by passing cases off to the feds.

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North Dakota Governor Signs Second Amendment Financial Privacy Act

Titled the Second Amendment Financial Privacy Act, the law prohibits a financial institution operating in North Dakota from requiring or assigning a firearms code.

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California Assembly Passes Bill to Extend Temporary Ban on Facial Recognition with Police Body Cameras

the California Assembly passed a bill that would extend a temporary ban on police use of facial recognition and biometric scanners with police officer cameras for three more years.

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Federal Tax Receipts Are Tanking But Federal Spending Isn’t

A surplus sounds like good news, but digging into the data reveals that federal revenues are falling even as spending continues unabated.

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Signed as Law: Iowa Legalizes Limited Raw Milk Sales

The new law will allow a raw milk producer to process, market, and distribute raw milk and raw milk products directly to a consumer from the dairy. SF315 also creates regulatory guidelines for the sale of raw milk and raw milk products.

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Texas House Passes Measure to Put Right to Choose Medium of Exchange in State Bill of Rights

In effect, this amendment would bar the state of Texas from interfering with the use of cash or any cash alternatives, including gold, silver, or cryptocurrency in transactions within the state. This would set the state for currency competition in Texas.

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Ohio Bill Would Ban the Use of a Central Bank Digital Currency as Money in the State

A bill introduced in the Ohio House would explicitly exclude a central bank digital currency (CBDC) from the definition of money in Ohio, effectively banning its use as such in the state.

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