President Joe Biden signed an executive order on Tuesday that will ramp up the number of background checks conducted before gun sales. 

The administration is touting the measure as bringing the U.S. as close as possible to universal background checks without Congress passing additional legislation, which would be unlikely given the stalemate on the issue in Congress. 

"Again and again, [Biden] has called for Congress to act, including by banning assault weapons and high-capacity magazines, requiring background checks for all gun sales, requiring safe storage of firearms, closing the dating violence restraining order loophole, and repealing gun manufacturers’ immunity from liability," the White House said. 

The order also calls on Congress to encourage greater use of so-called "red flag" laws, which allows members of the community to petition a court to determine whether an individual is dangerous and should be legally denied access to firearms. 

The administration stressed that these laws are only effective when the public is aware of their existence and knows how to use them. Currently, 19 states and the District of Columbia have red flag laws on the books. 

Finally, the White House is urging the Federal Trade Commission to issue a public report investigating whether and how gun manufacturers market firearms to minors. 

Biden signed the order in Monterey Park, California, where a gunman recently killed 11 people and injured nine others. 

Read the full executive order here. 

Updated March 14, 2023 at 4:55 p.m. ET after Biden signed the executive order.

Share:
More In Politics
JetBlue Bids on Spirit, Jeopardizing Frontier Deal
JetBlue made an unsolicited offer to buy low-cost carrier Spirit Airlines, potentially jeopardizing the original offer from Frontier Airlines. Several analysts sounding the alarm on JetBlue's proposed $3.6 billion merger, saying the deal doesn't quite make sense. Jim Corridore, Senior Insights Manager at Similarweb joined Cheddar's Opening Bell to discuss.
Biden Admin Latest Federal Student Loan Extension Adds to Borrower Uncertainty
The Biden administration is once again extending the pause on federal student loans payments — this time, through the end of August. In a statement, President Biden cited a recent analysis from the Fed that if the payments were to resume, millions of student loan borrowers would face significant "economic hardship, delinquencies, and defaults that could threaten America's financial stability." Sarah Foster, an analyst at Bankrate, breaks down the impact of the extension on borrowers, the economy, and the future of student loan forgiveness. "I think this is just an instance of the federal student loan forbearance program kind of creating additional uncertainty for borrowers, especially in the sense that these past four extensions from the Biden administration have kind of come at the 11th hour here," she said.
President Biden Orders Oil Reserve Release
President Biden is trying to help Americans at the pump by tapping into U.S. oil reserves in an unprecedented way. He also announced several steps to punish oil companies. Lisa Whalen, automotive and mobility analyst at Morning Consult, joins Cheddar News to discuss.
U.S. Stocks Close Higher, Tech Stocks Lead Advance
U.S. markets closed higher to end Monday's session, with tech stocks leading the advance. Gene Goldman, Chief Investment Officer at Cetera Financial Group, joins Cheddar News' Closing Bell to discuss the potential future of the major U.S. indexes, and how factors like policy moves from the federal reserve and the ongoing Ukraine-Russia war could impact volatility.
Load More