[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2157 Introduced in Senate (IS)]
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119th CONGRESS
1st Session
S. 2157
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.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
June 24, 2025
Mr. Markey (for himself, Mr. Blumenthal, Ms. Hirono, Mr. Booker, and
Ms. Warren) introduced the following bill; which was read twice and
referred to the Committee on Banking, Housing, and Urban Affairs
_______________________________________________________________________
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.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Gun Violence Prevention Through
Financial Intelligence Act''.
SEC. 2. ADVISORY ON THE PROCUREMENT OF FIREARMS AND FIREARM
ACCESSORIES.
(a) Definitions.--In this section:
(1) Domestic terrorism.--The term ``domestic terrorism''
has the meaning given the term in section 2331 of title 18,
United States Code.
(2) FinCEN.--The term ``FinCEN'' means the Financial Crimes
Enforcement Network.
(3) Financial institution.--The term ``financial
institution'' has the meaning given the term in section 5312(a)
of title 31, United States Code.
(4) Firearm.--The term ``firearm'' has the meaning given
the term in section 921(a) of title 18, United States Code.
(b) Request for Information.--
(1) In general.--Not later than 1 year after the date of
enactment of this Act, FinCEN shall request information from
financial institutions for the purpose of developing an
advisory about the identification and reporting of suspicious
activity relating to--
(A) how homegrown violent extremists and
perpetrators of domestic terrorism procure firearms and
firearm accessories for the purpose of carrying out
lone actor or lone wolf acts of terror within the
United States; and
(B) the ways in which the firearms market in the
United States is exploited to facilitate gun violence
in the United States.
(2) Application of section 5318(g) of title 31.--Section
5318(g) of title 31, United States Code, shall apply to a
request for information from a financial institution by FinCEN
under paragraph (1) in the same manner that section applies to
a requirement by the Secretary of the Treasury of a financial
institution to report a suspicious transaction under that
section.
(3) Tailoring.--In requesting information from a financial
institution under paragraph (1), FinCEN shall consider the size
of the financial institution and tailor the request
accordingly.
(4) Consultation.--Before requesting information from a
financial institution under paragraph (1), FinCEN shall
consult, with respect to the nature of the request, with--
(A) the Director of the Federal Bureau of
Investigation;
(B) the Director of the Bureau of Alcohol, Tobacco,
Firearms and Explosives of the Department of Justice;
and
(C) sellers of firearms and firearm accessories.
(c) Advisory.--
(1) Sufficient information collected.--Not later than 540
days after the date of enactment of this Act, if FinCEN
determines that the information collected under subsection
(b)(1) is sufficient to develop the advisory described in that
subsection, FinCEN shall issue the advisory.
(2) Insufficient information collected.--Not later than 540
days after the date of enactment of this Act, if FinCEN
determines that the information collected under subsection
(b)(1) is not sufficient to develop the advisory described in
that subsection, FinCEN shall submit to the Committee on
Banking, Housing, and Urban Affairs of the Senate and the
Committee on Financial Services of the House of Representatives
a report that describes--
(A) the type information collected under subsection
(b)(1);
(B) the methodology used to collect such
information;
(C) the degree to which financial institutions
provided information requested;
(D) why such information is not sufficient to
develop the advisory described in subsection (b)(1);
and
(E) any barriers to obtaining the information that
is required to develop the advisory described in
subsection (b)(1).
(d) Rulemaking.--Not later than 90 days after the date of enactment
of this Act, FinCEN, in consultation with the Director of the Federal
Bureau of Investigation and the Director of the Bureau of Alcohol,
Tobacco, Firearms and Explosives of the Department of Justice, shall
promulgate a rule that defines the following terms for the purpose of
this section:
(1) Firearm accessory.
(2) Homegrown violent extremist.
(3) Lone wolf.
(4) Lone actor.
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