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Gun Buyback Program: 125% Market Value for Voluntary Firearm Disposal to Boost Safety.

This Act establishes a federal grant program funding states, local governments, and licensed dealers to run voluntary gun buyback initiatives aimed at increasing neighborhood safety. Individuals disposing of firearms receive a smart prepaid card valued at a minimum of 125% of the gun's market price. Crucially, these cards are technologically restricted from being used to purchase new firearms or ammunition, and attempting to do so constitutes a new federal crime.
Key points
Grants fund local programs allowing individuals to exchange unwanted firearms for prepaid cards worth at least 125% of the market value, providing a financial incentive for disposal.
The prepaid cards are specifically blocked from being used to acquire new guns or ammunition; misuse of the card is punishable by fine and up to 2 years in prison.
All collected firearms must be checked against criminal databases and then recycled, unless they were used in a crime, in which case they are transferred to prosecuting authorities.
The program is authorized to receive $360 million annually (FY 2022-2024) to support local efforts to remove guns from circulation.
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Status:
Expired
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Additional Information
Print number: 118_HR_1361
Sponsor: Rep. Payne, Donald M., Jr. [D-NJ-10]
Process start date: 2023-03-03
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-3-pro-preview
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Safer Neighborhoods Gun Buyback Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_1361.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-03-03.

What are the main provisions?

Key points include:

  • Grants fund local programs allowing individuals to exchange unwanted firearms for prepaid cards worth at least 125% of the market value, providing a financial incentive for disposal.
  • The prepaid cards are specifically blocked from being used to acquire new guns or ammunition; misuse of the card is punishable by fine and up to 2 years in prison.
  • All collected firearms must be checked against criminal databases and then recycled, unless they were used in a crime, in which case they are transferred to prosecuting authorities.
  • The program is authorized to receive $360 million annually (FY 2022-2024) to support local efforts to remove guns from circulation.
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 Rep. Payne, Donald M., Jr. [D-NJ-10].

What is the latest detailed status?

The latest detailed status is: ASSUMING FIRST SPONSORSHIP - Mrs. McIver asked unanimous consent that she may hereafter be considered as the first sponsor of H.R. 1361, a bill originally introduced by Representative Payne, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

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.

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