119-s2157

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2157 Introduced in Senate

    (IS) ]

<DOC>

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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