Gun Violence Prevention Through Financial Intelligence Act

Hozzl · 2022-12-30T07:48:44Z

Explore the details of Senate Bill 3117 Gun Violence Prevention Through Financial Intelligence Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

12/30/2022, 7:48 AM

Congressional Summary of S 3117

Gun Violence Prevention Through Financial Intelligence Act

This bill directs the Financial Crimes Enforcement Network (FinCEN) to collect information from financial institutions and develop an advisory regarding the reporting of suspicious transactions related to gun violence. Specifically, FinCEN must gather information and develop an advisory related to (1) the procurement of firearms and firearm accessories for the purpose of carrying out lone-wolf acts of terror, and (2) how the U.S. firearms market facilitates gun violence.

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Current Status of Bill S 3117

Bill S 3117 is currently in the status of Bill Introduced since October 28, 2021. Bill S 3117 was introduced during Congress 117 and was introduced to the Senate on October 28, 2021. Bill S 3117's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of October 28, 2021

Bipartisan Support of Bill S 3117

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3117

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 3117

Gun Violence Prevention Through Financial Intelligence Act

A bill to require the Financial Crimes Enforcement Network to issue an advisory about how homegrown violent extremists and other perpetrators of domestic terrorism procure firearms and firearm accessories, and for other purposes.