By Tim Devaney - 12/17/15 03:33 PM EST
Gun owners would be paid to sell their firearms to the federal government under new legislation from Democrats.
The Safer Neighborhoods Gun Buyback Act, which was reintroduced this week by Rep. Donald Payne Jr. (D-N.J.), is the latest attempt by Democrats to address gun violence. The bill has 22 co-sponsors.
"Although no one piece of legislation will eliminate all gun violence, this bill will get guns off the streets and keep them out of the hands of people who wish to cause harm,” Payne said. "If we can get one gun off the street, if we can save one life, then we have to take action.”
The voluntary gun buyback proposal resembles legislation offered by earlier this year by Rep. Rosa DeLauro (D-Conn.) that sought to pay gun owners to turn over assault weapons to the federal government.
Both pieces of legislation are virtually certain to go nowhere in the Republican-controlled Congress.
As part of Payne's $360 million gun buyback initiative, the Justice Department would pay gun owners a premium of 25 percent more than the market value of their firearms.
Gun owners could turn over their firearms to state and local governments as well as certain gun dealers.
In return, the gun owners would receive a debit card they could use to purchase anything other than more guns and ammunition.
The Justice Department would destroy the guns and recycle the parts.