Bill > HR2948

This bill establishes a national gun buyback grant program administered by the Bureau of Justice Assistance that provides funding to states, local governments, tribal governments, and licensed gun dealers to purchase firearms from individuals who want to dispose of them. Under the program, participants will use "smart prepaid cards" with built-in restrictions that prevent them from being used to purchase guns or ammunition, and which will be loaded with 125% of the market value of each firearm. Gun dealers participating in the program must verify that received firearms are not stolen, and must deliver the firearms to the Bureau of Alcohol, Tobacco, Firearms and Explosives within 30 days. The program requires that at least 5% of grant funds be used to destroy collected firearms and accessories, and limits administrative costs to 15% of the grant. The bill authorizes $360 million in funding annually from 2025 to 2027 and includes a criminal provision that imposes a fine of up to $100,000 for anyone who uses a smart prepaid card to acquire or transfer a firearm. The goal of the legislation is to reduce gun violence by providing a structured, incentivized method for removing firearms from circulation.

Justice

https://www.congress.gov/bill/119th-congress/house-bill/2948/all-info