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Gun Violence Prevention Through Financial Intelligence Act

USA119th CongressS-2157| Senate 
| Updated: 6/24/2025
Edward J. Markey

Edward J. Markey

Democratic Senator

Massachusetts

Cosponsors (4)
Mazie K. Hirono (Democratic)Elizabeth Warren (Democratic)Cory A. Booker (Democratic)Richard Blumenthal (Democratic)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This legislation directs the Financial Crimes Enforcement Network (FinCEN) to develop and issue an advisory concerning the procurement of firearms and firearm accessories by homegrown violent extremists and other perpetrators of domestic terrorism. The advisory will also address how the United States firearms market is exploited to facilitate gun violence. To achieve this, FinCEN is mandated to request information from financial institutions within one year of the bill's enactment. Before requesting information, FinCEN must consult with the Director of the Federal Bureau of Investigation, the Director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, and sellers of firearms and firearm accessories. Within 540 days, if FinCEN determines the collected information is sufficient, it must issue the advisory. If the information is deemed insufficient, FinCEN must submit a detailed report to congressional committees explaining the reasons and any barriers encountered. Additionally, FinCEN is required to promulgate rules within 90 days to define key terms such as "firearm accessory" and "homegrown violent extremist."
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Timeline

Bill from Previous Congress

S 117-3117
Gun Violence Prevention Through Financial Intelligence Act

Bill from Previous Congress

S 118-1825
Gun Violence Prevention Through Financial Intelligence Act
Jun 24, 2025
Introduced in Senate
Jun 24, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 27, 2025

Latest Companion Bill Action

HR 119-4220
Introduced in House
  • Bill from Previous Congress

    S 117-3117
    Gun Violence Prevention Through Financial Intelligence Act


  • Bill from Previous Congress

    S 118-1825
    Gun Violence Prevention Through Financial Intelligence Act


  • June 24, 2025
    Introduced in Senate


  • June 24, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • June 27, 2025

    Latest Companion Bill Action

    HR 119-4220
    Introduced in House

Finance and Financial Sector

Related Bills

  • HR 119-4220: Gun Violence Prevention Through Financial Intelligence Act

Gun Violence Prevention Through Financial Intelligence Act

USA119th CongressS-2157| Senate 
| Updated: 6/24/2025
This legislation directs the Financial Crimes Enforcement Network (FinCEN) to develop and issue an advisory concerning the procurement of firearms and firearm accessories by homegrown violent extremists and other perpetrators of domestic terrorism. The advisory will also address how the United States firearms market is exploited to facilitate gun violence. To achieve this, FinCEN is mandated to request information from financial institutions within one year of the bill's enactment. Before requesting information, FinCEN must consult with the Director of the Federal Bureau of Investigation, the Director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, and sellers of firearms and firearm accessories. Within 540 days, if FinCEN determines the collected information is sufficient, it must issue the advisory. If the information is deemed insufficient, FinCEN must submit a detailed report to congressional committees explaining the reasons and any barriers encountered. Additionally, FinCEN is required to promulgate rules within 90 days to define key terms such as "firearm accessory" and "homegrown violent extremist."
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 117-3117
Gun Violence Prevention Through Financial Intelligence Act

Bill from Previous Congress

S 118-1825
Gun Violence Prevention Through Financial Intelligence Act
Jun 24, 2025
Introduced in Senate
Jun 24, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 27, 2025

Latest Companion Bill Action

HR 119-4220
Introduced in House
  • Bill from Previous Congress

    S 117-3117
    Gun Violence Prevention Through Financial Intelligence Act


  • Bill from Previous Congress

    S 118-1825
    Gun Violence Prevention Through Financial Intelligence Act


  • June 24, 2025
    Introduced in Senate


  • June 24, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • June 27, 2025

    Latest Companion Bill Action

    HR 119-4220
    Introduced in House
Edward J. Markey

Edward J. Markey

Democratic Senator

Massachusetts

Cosponsors (4)
Mazie K. Hirono (Democratic)Elizabeth Warren (Democratic)Cory A. Booker (Democratic)Richard Blumenthal (Democratic)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 119-4220: Gun Violence Prevention Through Financial Intelligence Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted