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US S3117

US S3117
Gun Violence Prevention Through Financial Intelligence Act


summary

Introduced
10/28/2021
In Committee
10/28/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To require the Financial Crimes Enforcement Network to issue an advisory about how homegrown violent extrem- ists and other perpetrators of domestic terrorism procure firearms and firearm accessories, and for other purposes.

AI Summary

This bill, the Gun Violence Prevention Through Financial Intelligence Act, requires the Financial Crimes Enforcement Network (FinCEN) to issue an advisory about how homegrown violent extremists and other perpetrators of domestic terrorism procure firearms and firearm accessories. FinCEN must request information from financial institutions to develop this advisory, and consult with the FBI, Bureau of Alcohol, Tobacco, Firearms and Explosives, and firearms sellers. If FinCEN determines it has sufficient information, it must issue the advisory within 540 days of the bill's enactment. If not, it must submit a report to Congress explaining the barriers to obtaining the necessary information. The bill also requires FinCEN to define key terms like "firearm accessory," "homegrown violent extremist," "lone wolf," and "lone actor" for the purposes of the legislation.

Committee Categories

Housing and Urban Affairs

Sponsors (5)

Last Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 10/28/2021)

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