Table of Contents Director’s Foreword Introduction Part I – Firearm Commerce Updates and New Analysis Part II – Firearm Thefts and Losses Updates and New Analysis Part III – Crime Gun Tracing Updates and New Analysis Part IV – Firearm Trafficking Investigations Part V – PMF Updates and New Analysis Part VI – NIBIN Updates and New Analysis Part VII – Firearm Commerce, Crime Guns, and the Southwest Border Part VIII – Updates to Previous Recommendations Part IX – Final Recommendations Acknowledgements Last Reviewed March 3, 2025