![]() The "gun show loophole" has been cited for years as a major hole in the federal background check system, allowing a vast number of private sales without background checks. The ATF currently licenses about 80,000 brick-and-mortar gun dealers, but gun sales are increasingly taking place outside that system, free of background checks.īiden touted the bipartisan legislation in June, a year after he signed it into law, saying that it was already saving lives. “This proposed rule implements Congress’s mandate to expand the definition of who must obtain a license and conduct a background check before selling firearms.” AR-15 rifles for sale at a gun show in Ontario, Calif., on Jan. “The Bipartisan Safer Communities Act was passed by Congress to reduce gun violence, including by expanding the background checks that keep guns out of the hands of criminals,” he said. The new rule will go through the federal rulemaking process.Īttorney General Merrick Garland said in a statement Thursday that the move is a result of the bipartisan law passed by Congress last year. Read Treasury’s press release on the ANPRM here.The Bureau of Alcohol, Tobacco, Firearms and Explosives is proposing a regulation that would essentially say that anyone who deals in firearms for profit must get a federal license - and conduct criminal background checks - regardless of whether they sell the guns in brick-and-mortar stores, gun shows, flea markets or on the internet. Read Treasury’s fact sheet on the program here. Those engagements will continue as part of the notice-and-comment period to solicit additional public feedback to make any needed adjustments before the rule goes into effect. President Biden signed this Executive Order following extensive and thorough consultations with hundreds of stakeholders, industry members, and foreign allies and partners. Specifically, it will prohibit certain investments in entities that engage in specific activities related to these technology areas that pose the most acute national security risks, and require notification for other sensitive investments. The program complements the United States’ existing export control and inbound screening tools with a “small yard, high fence” approach to address the national security threat posed by countries of concern advancing such sensitive technologies. investment in this narrow set of technologies that are critical to support their development of military, intelligence, surveillance, and cyber-enabled capabilities that risk U.S. This program will seek to prevent foreign countries of concern from exploiting U.S. We are committed to taking narrowly targeted actions to protect our national security while maintaining our longstanding commitment to open investment. The Department of the Treasury simultaneously released an Advanced Notice of Proposed Rulemaking (ANPRM), with proposed definitions to elaborate the scope of the program, which will be subject to public notice and comment, before it goes into effect.Ĭross-border investment flows have long contributed to U.S. ![]() In an Annex to the E.O., the President identified the People’s Republic of China (PRC), including the Special Administrative Region of Hong Kong and the Special Administrative Region of Macau, as a country of concern. investments into countries of concern in entities engaged in activities involving sensitive technologies critical to national security in three sectors: semiconductors and microelectronics, quantum information technologies, and artificial intelligence. Today, President Joe Biden signed an Executive Order on Addressing United States Investments In Certain National Security Technologies And Products In Countries Of Concernthat authorizes the Secretary of the Treasury to regulate certain U.S. The Biden-Harris Administration is committed to keeping America safe and defending America’s national security by protecting technologies that are critical to the next generation of military innovation. Get Involved Show submenu for “Get Involved””.The White House Show submenu for “The White House””.Office of the United States Trade Representative.Office of Science and Technology Policy.Executive Offices Show submenu for “Executive Offices””. ![]() Administration Show submenu for “Administration””.
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