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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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Status:
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
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Security Courts and Law