The Firearm Risk Protection Act, introduced by Representative Carolyn Maloney of New York, would impose a $10,000 fine if an owner is found not to have a current liability policy. Service members and law enforcement officers would be exempt from the requirement.

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According to George Mocsary of Southern Illinois University School of Law, the current model for liability insurance would neither deter gun violence nor provide adequate compensation for victims.

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Mocsary noted that under the current liability insurance model, nearly all intentional criminal actions are excluded from coverage.

Nearly 20% of gun violence victims are shot by criminals while committing a crime themselves, Mocsary said, while roughly 97% of deaths caused by firearms are the result of suicide or homicide—neither of which fall under liability policies.