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Gun Violence Prevention: Financial Institutions' Role

This act aims to use financial data to identify and report suspicious transactions related to firearm purchases. This is intended to help prevent acts of violence and terrorism. Financial institutions will be asked for information to help create guidelines for banks and other entities.
Key points
Financial institutions will be asked for information on firearm purchases by individuals planning terror acts.
The goal is to create guidelines for banks to better identify suspicious firearm-related transactions.
The act aims to prevent gun violence by tracking financial flows.
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Expired
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Additional Information
Print number: 117_S_3117
Sponsor: Sen. Markey, Edward J. [D-MA]
Process start date: 2021-10-28
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Gun Violence Prevention Through Financial Intelligence Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3117.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-10-28.

What are the main provisions?

Key points include:

  • Financial institutions will be asked for information on firearm purchases by individuals planning terror acts.
  • The goal is to create guidelines for banks to better identify suspicious firearm-related transactions.
  • The act aims to prevent gun violence by tracking financial flows.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Markey, Edward J. [D-MA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

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