Chicago Adding New Layer To Gun Control

Illinois has passed three new gun control bills that significantly impact firearm sales and ownership. HB 1468 mandates a 72-hour waiting period for semi-automatic firearms and all .50 caliber sales. HB 1465 bans the sale or transfer of assault weapons, attachments, .50 caliber rifles, and magazines over 10 rounds to individuals under 21, with grandfathering for existing owners. HB 1467 bans bump stocks and allows municipalities to regulate or ban assault weapons. Additionally, a Chicago ordinance proposed by Rahm Emanuel would require banks doing business with the city to impose restrictions on firearm-selling customers, including age limits and background checks.

Quick Summary

Illinois has enacted new gun control measures, including HB 1468 with a 72-hour waiting period for semi-automatic firearms, HB 1465 banning assault weapons sales to those under 21, and HB 1467 prohibiting bump stocks. Chicago's ordinance also pressures financial institutions to restrict business with firearm sellers.

Chapters

  1. 00:00Introduction to Illinois Gun Control News
  2. 00:14Overview of Three Illinois Gun Control Bills
  3. 00:51HB 1468: 72-Hour Waiting Period
  4. 01:22HB 1465: Assault Weapons Ban for Under 21
  5. 02:04HB 1467: Bump Stock Ban and Municipal Authority
  6. 02:38Rahm Emanuel's Chicago Gun Safety Ordinance
  7. 03:05Details of Chicago's Financial Restrictions
  8. 04:21Context: Citigroup's Precedent
  9. 04:40Emanuel's Statement on Private Sector Role
  10. 05:07Timing and Conclusion

Frequently Asked Questions

What are the new gun control laws passed in Illinois?

Illinois has passed three significant gun control bills: HB 1468 mandates a 72-hour waiting period for semi-automatic and .50 caliber firearms. HB 1465 bans the sale of assault weapons and high-capacity magazines to individuals under 21. HB 1467 prohibits bump stocks and allows municipalities to ban assault weapons.

How does Chicago's new ordinance affect financial institutions?

Chicago's ordinance requires banks doing business with the city to impose restrictions on firearm-selling customers. This includes age limits (21+), background checks on all gun sales, and bans on bump stocks and high-capacity magazines, impacting their ability to serve the firearms industry.

What is the waiting period for semi-automatic firearms in Illinois under the new law?

Under Illinois HB 1468, there is now a mandatory 72-hour waiting period for the sale of semi-automatic firearms. This is an increase from the previous 24-hour waiting period.

What types of firearms and accessories are banned for individuals under 21 in Illinois?

Illinois HB 1465 bans the sale or transfer of 'assault weapons,' their attachments, .50 caliber rifles, and magazines holding more than ten rounds to anyone under 21 years old. Existing ownership may be grandfathered in.

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