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President Biden signed an executive order yesterday that aims to expand the number of US gun buyers required to undergo background checks, as part of an effort to reduce instances of mass shootings and gun violence in America.
āļø First things first: This executive order doesnāt change any US government laws. Instead, it directs federal agencies to work within existing procedures that were previously approved by Congress.
Currently, federal background checks arenāt required for any private gun sales between individuals ā only for sales by people and organizations considered to be firearm dealers. Which is the general area where the order is focused.
Bidenās executive order directs the DOJ to clarify what it means to be āengaged in the businessā of selling guns, a move thatās expected to result in more individual sellers being classified as firearms dealers ā who then have to run background checks.
š Zoom out: Overall, data shows that mass shootings and instances of gun violence in America are currently headed the same direction as a driver seeing headlights on a one-way road: the wrong way.
š Flash poll: How do you feel about President Bidenās new executive order that aims to expand the number of US buyers subjected to background checks?
š«š¦ On Friday, US regulators shut down Silicon Valley Bank, the 16th-largest bank in the country. It represents the second-largest failure of a financial institution in American history, following the collapse of Washington Mutual in 2008.
šā” This week, a Georgia utility company said it achieved self-sustaining fission in one of its new nuclear reactors, marking a key step towards commercial operation of the first new reactor built within the US in nearly three decades.
šļøš± The doomsday clock keeps ticking closer to midnight for TikTok. A bipartisan group of 12 senators introduced a bill yesterday that would allow the executive branch to ban certain foreign-based technologies if theyāre found to pose a threat to Americaās national security.
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