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House Oversight chair unveils legislation to hold the firearm industry accountable

Posted on AllSides August 21st, 2022
From The Left

WASHINGTON — House Oversight Committee Chairwoman Carolyn Maloney, D-N.Y., introduced two pieces of legislation Friday that would hold the firearm industry accountable for selling "weapons of war" to civilians.

One measure, the Firearm Industry Fairness Act, would impose a 20% tax on the total revenue earned by manufacturers who produce assault weapons and high-capacity magazines. Maloney said that the funds from the tax would be used for gun violence prevention efforts and to support shooting victims.

The other bill, the Firearm Industry Crime and Trafficking Accountability Act, would require every company that...

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