The deal does NOT include Joe Biden's proposals to ban "assault weapons" or "high-capacity" magazines and raise the minimum age of purchasing firearms to 21, but it does expand background checks for individuals under 21.

Additionally, the deal includes Republican proposals like expanded mental health services and school safety measures.

However, the agreement would incentivize states to pass their own "red flag" laws to establish gun purchase restrictions on individuals a judge has deemed a threat.

Biden thanked the Senate for getting a gun control deal ironed out despite the fact it doesn't ban "assault weapons."

"It does not do everything that I think is needed, but it reflects important steps in the right direction," he tweeted. "With bipartisan support, there are no excuses for delay. Let's get this done."