Bill · S. 2157· Senate(119-S-2157)
Gun Violence Prevention Through Financial Intelligence Act
- Introduced
- 6/24/2025
- Last activity
- 6/24/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Edward Markey
- Cosponsors
- - 4 - 0
- Introduced
- In Committee
What this bill would do
This bill, known as the "Gun Violence Prevention Through Financial Intelligence Act," directs the Financial Crimes Enforcement Network (FinCEN) to create an advisory regarding firearms and domestic terrorism. Within one year of enactment, FinCEN must request information from financial institutions about how extremists procure firearms and accessories for lone actor acts of terror. It also seeks to understand how the firearms market is exploited to facilitate gun violence. FinCEN is required to consult with the FBI, the ATF, and firearm sellers before requesting this information. Depending on the data collected, FinCEN will either issue the advisory or submit a detailed report to specific Congressional committees. Additionally, FinCEN must create rules defining terms like "firearm accessory" and "lone wolf" within 90 days.
Yes· 3 of 6
Does this put more limits on buying or owning guns?+5
The bill implements financial intelligence tracking to mitigate gun violence and domestic terrorism.
Does this put more money into stopping terrorism?+3
The bill enhances domestic terrorism prevention through financial intelligence gathering.
Would children be better off under this?+2
Preventing gun violence through better intelligence may improve safety for children.
The opposite· 3 of 6
Does this protect the right to own guns?-3
The bill creates new financial reporting requirements related to firearm and accessory procurement.
Does this give people more control over their personal data?-2
The bill requires financial institutions to report specific transaction details for intelligence purposes.
Would business owners be better off under this?-2
Financial institutions and firearm sellers face new administrative and consultative requirements.
Who it would affect, and how
Potential Positive Impacts for People
-
Identification of Terrorist Procurement Methods: The bill requires FinCEN to develop an advisory regarding how homegrown violent extremists and perpetrators of domestic terrorism procure firearms and accessories for lone actor acts of terror (Section 2(b)(1)(A)). This could help in identifying suspicious activity related to terrorism.
-
Understanding Market Exploitation: The request for information aims to understand how the firearms market in the United States is exploited to facilitate gun violence (Section 2(b)(1)(B)). This could provide insight into preventing gun violence.
-
Tailored Information Requests: When requesting information, FinCEN is required to consider the size of the financial institution and tailor the request accordingly (Section 2(b)(3)). This ensures that the burden of providing information is adjusted based on the institution's size.
Potential Negative Impacts for People
- Requirements for Financial Institutions: Financial institutions are required to provide information to FinCEN regarding suspicious activity related to the procurement of firearms and accessories (Section 2(b)(1)). This involves a formal request process that applies similar rules to suspicious transaction reporting (Section 2(b)(2)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Education And Technology
- Improves Data Privacy-2
- Social Issues And Justice
- Improves Gun Control Measures+5Improves Second Amendment Protections-3
- Demographic And Interest Groups
- Good For Children+2Good For Urban Residents+1Good For Business Owners-2Good For Gun Owners-2
- Governance And Ideology
- Increases Federal Power+2Improves Government Transparency+1Improves Privacy Rights-2
- National Security And Foreign Policy
- Increases Counter Terrorism Funding+3Increases Domestic Surveillance-2
- 6/24/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 4 Cosponsors added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Richard BlumenthalDemocrat · Connecticut
Cory BookerDemocrat · New Jersey
Mazie HironoDemocrat · Hawaii
Elizabeth WarrenDemocrat · Massachusetts