Maloney Introduces First National Bill To Require Liability Insurance Of Gun Buyers

Targeted News Service

WASHINGTON, March 22 -- Rep. Carolyn B. Maloney, D-N.Y. (12th CD), issued the following news release:

Rep. Carolyn Maloney (D-NY) and eight cosponsors have introduced the "Firearm Risk Protection Act" (H.R. 1369), the first bill to require liability insurance of gun buyers nationwide.

"For too long, gun victims and society at large have borne the brunt of the costs of gun violence. My bill would change that by shifting some of that cost back onto those who own the weapons," Maloney said. "We have a long history of requiring insurance for high-risk products-- and no one disputes that guns are dangerous. While many individual states are debating this issue now, it makes more sense for Congress to establish a national requirement to allow the insurance markets to begin to price the risks involved consistently nationwide.

"In the wake of tragedies such as Newtown, Aurora, and Tucson, our nation is searching for answers. While I support bans on assault weapons and high-capacity ammunition magazines, improved background checks for gun buyers and defining straw purchases as a federal crime, a market-based approach such as this for legally purchased weapons is another common-sense way forward," Maloney concluded.

H.R. 1369 requires gun buyers to have liability insurance coverage before being allowed to purchase a weapon and imposes a fine of $10,000 if an owner is found not to have the required coverage; service members and law enforcement officers are exempt from this insurance requirement.


A copy of H.R. 1369 may be viewed here:

The legislation is cosponsored by:

Rep. Keith Ellison (D-MN)

Rep. Eleanor Holmes Norton (D-DC)

Rep. Michael Capuano (D-MA)

Rep. James Moran (D-VA)

Rep. Bobby Rush (D-IL)

Rep. Nikki Tsongas (D-MA)

Rep. Stephen Lynch (D-MA)

Rep. Earl Blumenauer (D-OR)

Maloney is also the lead sponsor of H.R. 452, "The Gun Trafficking Prevention Act of 2013," cosponsored by Reps. Scott Rigell (R-VA) and Patrick Meehan (R-PA), and XX others, which makes buying a gun on behalf of someone else ("straw purchasing") who is prohibited by Federal or State law from possessing one a crime, subject to a maximum penalty of 20 years in prison. Organizers or managers of firearms trafficking networks would be subject to an additional five years in prison.

Ultimate IUL Client Presentations

TNS MJ88-130323-4260784 StaffFurigay

Copyright:(c) 2013 Targeted News Service


  More Newswires

More Newswires >>
  Most Popular Newswires

More Popular Newswires >>
Hot Off the Wires  Hot off the Wires

More Hot News >>

insider icon Denotes premium content. Learn more about becoming an Insider here.
Ultimate IUL Client Presentations