President Barack Obama announced today $500 million will fund a program aimed at curbing gun violence.

In his speech, he said he wants a ban on military assault weapons and a limit of ammunition magazines to 10 rounds. Other points from Obama:

* Said 900 Americans have died from gunshot wounds since the Sandy Hook shooting a month ago

* Will sign directive giving law enforcement, mental health officials needed tools

* Called on Congress to “require a universal background check for anyone trying to buy a gun.”

Obama said while he wants restrictions put in place, he agrees with the right to bear arms.

“Let me be absolutely clear,” he said. “Like most Americans, I believe the 2nd Amendment guarantees an individual right to bear arms.”

Obama also said he respect’s the country’s strong tradition of gun ownership.

More details and background about the proposals and 23 measures

See videos, headlines and photos related to the gun control legislation and proposals