Source: United States House of Representatives – Congressman Raja Krishnamoorthi (8th District of Illinois)
March 11, 2021
WASHINGTON – Yesterday, Congressman Raja Krishnamoorthi announced the reintroduction of the Choosing Our Own Lives Over Fast Firearms (COOL OFF) Act. This bill would require a waiting period of three business days for all handgun sales and was inspired by Harvard Business School research, which found that waiting periods for gun purchases reduce rates of homicide and suicide, likely due to the disruption of potential impulsive actions with firearms. The legislation is cosponsored by 74 Members of Congress and endorsed by the Coalition to Stop Gun Violence.
“I am committed to commonsense gun safety laws and the COOL OFF Act is data-driven legislation to save lives,” said Congressman Raja Krishnamoorthi. “I developed this legislation based on research conducted at Harvard Business School which found that previous waiting period laws dramatically reduced suicide and homicide rates. Based on these findings, the COOL OFF Act’s three-day waiting period on hand gun sales would save more than 900 lives per year, and I urge my colleagues to join me in passing this legislation to do precisely that.
More than 30,000 people in the U.S. die from guns each year. Studies show that waiting periods may reduce firearm suicide rates by 7–11% and reduce gun homicides by about 17%. Nine states and the District of Columbia already have some variation of a waiting period law in place.