- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Committee on the JudiciaryCrime, Terrorism and Homeland SecurityIntroducedFebruary 14th, 2019
- house Committees
Gun ownership in the U.S. is much higher than in any other country in the world. Offering cash for firearms buybacks will encourage some — though not all — gun owners to voluntarily sell their firearms back. This program would also benefit communities, as the debit cards from this program would be spent in local economies, serving as a mini stimulus.
Since cash is fungible, a gun buyback program won’t necessarily decrease gun ownership or improve public safety. While the debit cards that people get from selling their guns back can’t be used to buy guns directly, the extra cash in sellers’ pockets from this program can be used to buy guns and ammunition.