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HA2TOHB45 • 2025

This Amendment does all of the following: (1) Defines “financial institution”.

This Amendment does all of the following: (1) Defines “financial institution”.

Firearms
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Lynn
Last action
2025-05-08
Official status
Introduced and Placed With Bill
Effective date
Not listed

Plain English Breakdown

The official source material does not provide details on how the Department of Justice will use written statements from payment card networks and financial institutions, nor does it specify penalties for non-compliance with reporting requirements.

Amendment for Financial Institutions

This amendment defines financial institutions, requires them to report firearm transactions over $1,000, and makes other changes related to time requirements and reporting.

What This Bill Does

  • Defines what a 'financial institution' is.
  • Requires financial institutions to tell the State Bureau of Identification about any firearm purchase that costs more than $1,000.
  • Adds financial institutions to the list of entities that cannot break certain laws.
  • Changes time requirements in the law from calendar days to business days.

Who It Names or Affects

  • Financial institutions

Terms To Know

financial institution
An entity that helps with or processes payments, like banks and payment card issuers.

Limits and Unknowns

  • The bill does not specify what happens if a financial institution fails to report firearm purchases over $1,000.
  • It is unclear how the new definitions will affect existing laws or regulations.

Bill History

  1. 2025-05-08 Delaware General Assembly

    Introduced and Placed With Bill

Official Summary Text

This Amendment does all of the following:
(1) Defines “financial institution”.
(2) Requires financial institutions to report firearm transactions exceeding $1,000 to the State Bureau of Identification and makes clear these records are not subject to disclosure under the Freedom of Information Act.
(3) Adds “financial institution” to the list of individuals and entities that may not violate this Act.
(4) Makes clear that the time requirements in this Act are based on business days, not calendar days.
(5) Adds “payment card network” and “financial institution” to the list of individuals and entities that may provide a written statement to the Department of Justice attesting that changes to internal policies have been made to prevent reoccurrence of a violation of this Act.
(6) Makes a technical correction to this Act.

Current Bill Text

Read the full stored bill text 
Legislation Document

SPONSOR:

Rep. Lynn

HOUSE OF REPRESENTATIVES

153rd GENERAL ASSEMBLY

HOUSE AMENDMENT NO. 2

TO

HOUSE BILL NO. 45

AMEND House Bill No. 45 by inserting the following after line 6 and before line 7 and redesignating accordingly:

“

(2) a. Financial institution” means an entity that is involved in facilitating or processing a payment or debit card transfer.

b. “Financial institution” includes all of the following:

1. A bank, as defined under § 101 of Title 5.

2. A trust company, as defined under § 101 of Title 5.

3. A payment card network.

4. A payment card issuer.

”.

FURTHER AMEND House Bill No. 45 on line 22 by inserting “

; reporting

” after “

codes

” and before the period therein.

FURTHER AMEND House Bill No. 45 by inserting the following after line 26 and before line 27 and redesignating accordingly:

“

(c) A financial institution shall report a firearm purchase exceeding $1,000 to the State Bureau of Identification. A record maintained by the State Bureau of Identification under this subsection is not subject to disclosure or release under the Freedom of Information Act, Chapter 100 of Title 29.

”.

FURTHER AMEND House Bill No. 45 on line 30 by inserting “

, financial institution,

” after “

person

” and before “

or

” therein.

FURTHER AMEND House Bill No. 45 on line 32 by deleting “

days prior to

” after “

30

” and before “

bringing

” therein and inserting in lieu thereof “

business days before

”.

FURTHER AMEND House Bill No. 45 on line 36 by inserting “

of this section

” after “

subsection (b)

” and before the comma therein.

FURTHER AMEND House Bill No. 45 on line 37 by inserting “

business

” after “

30

” and before “

days

” therein.

FURTHER AMEND House Bill No. 45 on line 41 by inserting “

, payment card network, financial institution,

” after “

person

” and before “

or

” therein.

SYNOPSIS

This Amendment does all of the following:

(1) Defines “financial institution”.

(2) Requires financial institutions to report firearm transactions exceeding $1,000 to the State Bureau of Identification and makes clear these records are not subject to disclosure under the Freedom of Information Act.

(3) Adds “financial institution” to the list of individuals and entities that may not violate this Act.

(4) Makes clear that the time requirements in this Act are based on business days, not calendar days.

(5) Adds “payment card network” and “financial institution” to the list of individuals and entities that may provide a written statement to the Department of Justice attesting that changes to internal policies have been made to prevent reoccurrence of a violation of this Act.

(6) Makes a technical correction to this Act.