Connect with us

Hi, what are you looking for?

House

Maloney introduces legislation targeting firearm industry

House Oversight and Reform Committee Chair Carolyn Maloney (D-N.Y.) introduced two bills on Friday targeting the firearm industry, setting new restrictions for supplying firearms to gun distributors and retailers and imposing a tax on certain guns.

One of the pieces of legislation would make it illegal for a firearm importer or manufacturer to sell guns to a retailer or distributor known or suspected of engaging in practices that could pose a threat to the misuse or criminal use of a firearm.

The bill would also require databases to be created by the firearm importers and manufacturers to keep track of when their products are misused or used in crimes.

The second measure would impose a 20 percent tax on the total revenue for manufacturers or importers that sell semiautomatic assault weapons and would incorporate those funds toward a community violence intervention and prevention trust fund.

“Today’s legislation responds directly to findings from my Committee’s investigation showing that the top assault weapon manufacturers have collected more than $1 billion in revenue selling assault weapons to civilians, while refusing to track the crimes carried out with these weapons,” Maloney, who faces a tough Democratic primary after New York redistricting, said in a statement.  

“These bills would impose a 20% revenue tax on these manufacturers so that the family hunting rifle is not taxed at the same rate as an assault weapon, and would ensure that the firearm industry, like others industries in America, takes responsibility for the safety and misuse of its products.”

It’s unclear if the bills will get attention in the House, and they stand little chance in the 50-50 Senate.. 

Congress earlier this year passed bipartisan gun safety legislation in the wake of several high-profile shootings in Buffalo, N.Y., and Uvalde, Texas. 

Advertisement

You May Also Like

Finance

As a startup owner, you know that the accounting often receives less attention than immediate priorities. Product development and market analysis seem to be...

Technology

Two schools in Lake Havasu, Arizona, fired teachers Samantha and Dillon Pier. The pair had been shooting adult videos on school grounds. The students...

Media

Ohio is a state with a rich history, culture and many attractions for visitors. Here are the top 10 most interesting websites for discovering...

Healthcare

Mental health is an important issue that affects people of all ages and backgrounds. In Ohio, there are numerous mental health companies that offer...