Bill > HR4220

This bill requires the Financial Crimes Enforcement Network (FinCEN) to request information from financial institutions to develop an advisory about how domestic terrorists and homegrown violent extremists procure firearms and firearm accessories. Specifically, FinCEN must request data within one year of the bill's enactment to understand how lone wolf or lone actor terrorists obtain weapons and how the firearms market is exploited for gun violence. The bill mandates that FinCEN consult with the FBI, Bureau of Alcohol, Tobacco, Firearms and Explosives, and firearms sellers before making these information requests, and requires the requests to be tailored to the size of each financial institution. Within 540 days, FinCEN must either issue an advisory based on the collected information or submit a detailed report to congressional committees explaining why sufficient information could not be gathered. Additionally, the bill requires FinCEN to define key terms like "homegrown violent extremist," "lone wolf," and "firearm accessory" through a rulemaking process within 90 days of enactment. The overall goal is to improve understanding of how potential terrorists acquire firearms by leveraging financial intelligence and reporting mechanisms.

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https://www.congress.gov/bill/119th-congress/house-bill/4220/all-info