Gun Violence Prevention: Financial Intelligence on Extremist Procurement
This act aims to understand how domestic terrorists acquire firearms. It requires financial institutions to collect and report information on suspicious transactions related to gun purchases, helping prevent violence. Citizens might notice increased vigilance from banks monitoring gun-related transactions.
Key points
Banks and financial institutions will be asked for information on firearm purchases by suspected domestic terrorists.
The goal is to create guidelines for banks on how to identify and report suspicious gun-related transactions to prevent violence.
Authorities will consult with firearm sellers to better understand the market and how it's exploited for criminal purposes.
Status:
Introduced
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