Under the new law only the military, police, and licensed security will be allowed to have firearms.
An amnesty period, of unknown length, is in currently in place for all citizens to turn in any firearms that they might own.
Once the period is up, anyone found possessing a gun will be jailed for the offense.
Legislators say that they voted for the law in order to cut down on the murder rate in Venezuela. Over 18,000 murders were committed during 2011.
But President Hugo Chavez's government is completely honest about what their goal is, stating that eventually they will disarm all civilians.
Opponents state that it is further attempt by Chavez to continue his dictatorship. They also point out that violence has continuously grown worse under his reign.
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