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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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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
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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.

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