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Senate Rejects 4 Measures Restricting Guns After Last Week's Mass Shooting In Orlando

Senate Rejects 4 Measures Restricting Guns After Last Week's Mass Shooting In Orlando
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The U.S. Senate on Monday failed to reach an understanding on gun sales and rejected four measures that would have restricted the sale of guns.

Gun violence has been a hot topic in recent memory and intensified over the past week after a shooter pledged allegiance to the terrorist group ISIS and massacred 49 people, injuring dozens more at a gay nightclub in Orlando, Florida.

All four measures presented to the Senate called for an expansion of background checks on people buying guns in an attempt to curb sales of weapons to people on terrorist watch lists; the measures fell short of the necessary 60 votes needed for passage in the 100-member chamber.

Related Link: Orlando Shootings Generate Record Surge In Gun Control Social Chatter

Senate Majority Leader Mitch McConnell, a Republican representing the state of Kentucky, was quoted by Reuters as saying that the measures put forward are ineffective. He said that Republican senators "are pursuing real solutions that can help keep Americans safer from the threat of terrorism."

Democrat-lawmakers typically take the other side of the argument and believe that stricter gun control is the best course of action.

"This country is under attack ... it's not a plane or an explosive device, it's an assault weapon," Reuters quoted the Democratic Senator from Connecticut Chris Murphy as saying.

Gun Stocks Unaffected

Gun stocks were trading relatively flat Tuesday morning despite headline news appearing to be a bullish sign for the gun manufacturers.

Shares of Smith & Wesson Holding Corp (NASDAQ: SWHC) were trading lower by 0.29 percent early Tuesday morning, while Sturm, Ruger & Company (NYSE: RGR) has yet to trade.

Posted-In: Gun control Gun Control Measures Gun StocksNews Politics Legal Trading Ideas General Best of Benzinga


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