To prohibit requiring fees or firearms liability insurance for possession of firearms, or fees for the possession of knives, and enact Second amendment financial privacy act.
Firearms, Knife Liability Insurance
Prohibits any license, permission, restriction, delay/process, from requiring individual to possess firearm liability insurance or pay fee for possession of firearm, parts, knife.
Includes by ordinance, rule, regulation, resolution, practice, other/legal process threat.
Preempts, supersedes, declares null, void any license, permission, restriction, delay, or process that would require possession of firearm liability insurance or payment of fee.
Defines firearm liability insurance as a policy of liability insurance covering losses resulting from the use of a firearm owned by the person covered by the policy.
Second Amendment Financial Privacy Act
Ban government entities from keeping list of privately owned firearms/firearm owners.
Prohibit financial institutions assigning firearms code to distinguish firearms retailers.
Also, from declining card transaction involving a firearms dealer due to firearms code.
Allow Attorney General to investigate violations, bring civil action against perpetrator.
Names certain provisions of the bill the Second amendment financial privacy act.
Legislative History
On Feb. 14, 2023, bill was introduced in Senate; on Apr. 26, 2023, bill passed Senate.
On May 1, 2023, bill introduced in House; on Dec. 11, 2024, passed House amended.
On Dec. 18, 2024, Senate concurred House amendments, next stage governor review.
Effectiveness
Ohio bills generally effective Jan. 1 of year following enactment.
Jan. 2025 OH LEG Governor Approval
On Jan. 8, 2025, OH LEG reported Governor Mike DeWine signed bill SB 58 into law.
OH bills generally effective 91st day after being signed by the governor, Apr. 9, 2025.
Regulators
OH LEG
Entity Types
Bank; Ins
Reference
PR, Bill SB58, 1/8/2025; Bill SB58, 12/18/2024; Citation: *OH LEG* 9.68, 1349;
