Bill > S2157

This bill requires the Financial Crimes Enforcement Network (FinCEN) to develop an advisory about how domestic terrorists and homegrown violent extremists procure firearms and firearm accessories. Within one year of enactment, FinCEN must request information from financial institutions about how the firearms market is exploited to facilitate gun violence, focusing on the procurement methods of lone wolf or lone actor terrorists. Before making the request, FinCEN must consult with the FBI, Bureau of Alcohol, Tobacco, Firearms and Explosives, and firearms sellers, and will tailor information requests based on the size of the financial institutions. Within 540 days, FinCEN must either issue the advisory if sufficient information is collected or submit a detailed report to congressional committees explaining why the information was inadequate. The bill also requires FinCEN to establish clear definitions for key terms like "firearm accessory," "homegrown violent extremist," "lone wolf," and "lone actor" through a rulemaking process within 90 days of enactment. The goal is to improve understanding of how potentially dangerous individuals acquire weapons and to help financial institutions identify and report suspicious activities related to firearm purchases.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/2157/all-info