Senators Dianne Feinstein (D-Calif.), Richard Blumenthal (D-Conn.) and Chris Murphy (D-Conn.) have introduced a pair of bills to protect communities from assault weapons.
"The Assault Weapons Ban of 2023" would ban the sale, transfer, manufacture and import of military-style assault weapons and high-capacity magazines and other high-capacity ammunition feeding devices that hold more than 10 rounds of ammunition. This allows shooters to quickly fire many rounds without needing to reload. This type of a gun was used by a shooter on Saturday night to kill 11 people at a Lunar New Year's celebration in Monterey Park, California.
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Political News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.