Safer Neighborhoods Gun Buyback Act of 2023

HR 1361 establishes a federal grant program to fund community gun buyback initiatives. It authorizes $360 million annually (2022-2024) for states, local governments, and licensed gun dealers to conduct buybacks using "smart prepaid cards" loaded with 125% of a firearm's market value. The program prohibits using these cards to purchase guns or ammunition, requires recycling collected firearms within 60 days, and bans resale. It directly affects communities through local programs and licensed dealers participating in the buyback system, with criminal penalties for misusing the cards in firearm transactions.