A wallet with $300 in cash / Photo by Chris O'Neil

Last month Representative Madeleine Dean and Senator Ed Markey introduced the Gun Violence Prevention Through Financial Intelligence Act. These bills, H.R. 5764 and S. 3117, would force banks to report firearm related purchases to the federal government. These bill compare “suspicious” firearm purchases to human trafficking and money laundering by forcing banks into creating SARs(Suspicious Activity Reports) for those purchases.

These bills undoubtable face issues when it comes to the Second and Fourth Amendment, if this legislation passes there will likely be some serious legal battles in relation to the legislation.

Senator Markey and Representative Dean clearly do not understand that this legislation intersects with the later of these two Amendments as evident by a recent press release. A press release from Representative Madeleine Dean reads:

Under existing regulation financial institutions are required to file Suspicious Activity Reports (SARs), to raise red flags about money laundering, human trafficking, terrorist financing and other criminal activity. This bill would require FinCEN to collect and analyze data from financial institutions to determine what indicators, if any, might precede a mass shooting or terrorist attack. FinCen would then be required to issue an advisory on how financial institutions should use these indicators to comply with their SAR filings. The bill seeks to determine dangerous financial patterns that may be detectable.

“We need to use every tool at our disposal to help prevent tragic loss of life from gun violence,” Congresswoman Madeleine Dean said. “This bill puts our existing infrastructure for detecting financial crimes to work and seeks to determine if there are patterns of financial behavior that precede mass shootings and terrorist incidents – learning these data points will help us identify and stop gun violence in the future.”

This legislation also comes off the heels of another highly controversial piece of legislation surrounding the financial system. It has become evident that members of Congress do not view your bank account as something private, they view it as something that the federal government should keep tabs on.

The monitoring of everyday Americans’ bank accounts is just one way the gun grabbers in Washington want to shut down 2A. There is a segment of the population that will not buy guns(certainly not legally) if they know it will mean the government will go snooping in their personal finances.

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Gene Ralno
Gene Ralno
8 months ago

I doubt that any respectable American will so easily surrender an important human right affirmed by the U.S. Constitution. They’ll find bartering a powerful temptation. Many will embrace an (ahem) exploding underground. But self defense is sufficiently critical that many would turn against such an overreaching and oppressive government. Candidates that oppose it would repeal the law while simultaneously seeing open resistance emerge.

John C. Hagaman
John C. Hagaman
8 months ago
Reply to  Gene Ralno

All go back to cash and the hell with the government spying on us

Arjay
Arjay
8 months ago

That is only one reason why the gubbermint wants to do away with CASH! They can’t control or track cash! They will use getting away from cash as a way to get rid of some criminal activities.

RangerEDGE5
RangerEDGE5
8 months ago
Reply to  Gene Ralno

I wouldn’t be so sure of that. So far the people have given over to part of the 68 GUN CONTROL ACT. Why do you think they keep coming? WAKE UP if it’s possible.

Boaz
8 months ago

Hey Markey, What outlaws (lawbreakers) buy their guns through a Bank?? NONE you Dumb Ass! still letting the criminals off… How Democrat of you!!

RangerEDGE5
RangerEDGE5
8 months ago

Wake up if it’s possible for you. They NEVER will stop because we do NOTHING. They throw the bait and YOU bite. Instead of doing their job and keep hardened criminals OFF the street. They say felon and you all go yes. Do it. Even though they have zero authority to do so. Awhile back they were kicking it around to do the same to tax cheats. (whatever that is.) Then those with restraining orders. Now I got a notice that those with past violent misdemeanor charges they want to go after. They keep manipulating their authority because their ultimate goal is TOTAL CONFISCATION. Any guesses who’s next? YOU. But why not. Chest beating so called Patriots sucker into it. They don’t like me. I won’t budge. They don’t like hardcore anti’s. But they LOVE YOU the fence rider. You seem to think that if they only go after these folks they will leave you be. Plus you have the attitude of I got mine to hell with you. As Thomas Jefferson stated. EVER FREE man shall NOT be debarred the use of arms. Take a bow. YOU are slowly but surely giving it away. ENJOY.

Arjay
Arjay
8 months ago

Since when is buying a firearm LEGALLY a “suspicious activity”?!

Since when is “SHALL NOT BE INFRINGED” ever considered in any of these leftist democRAT COMMIES unconstitutional “common-sense” gun control schemes?!

ANSWERS: NEVER!!

Plus the FACT that CRIMINALS do NOT obey laws, even those “common-sense” gun laws, that’s what CRIMINALS do!

Just me
Just me
8 months ago

More of the Fourth Reich stomping all over our Constitutional rights and imposing their DICKtatorial rules on the subservient peons.

Stan Chang
Stan Chang
8 months ago

The biggest fraudulent actions are well known to be undertaken by legislators & Corporate Officers. Thusly all banking transactions associated with govt dept heads, legislators & appointees & Corporate Officers must be reviewed by independent auditors & the SEC & IRS.

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