Trump, calling school safety "a top priority for my administration", said he also planned to meet with law enforcement officials at the White House on Thursday and a number of governors next week to discuss "what the federal and state governments can do to keep our students safe".
"We will be working very, very hard on that awful, terrible issue that took place last week in Florida", Trump said at an event on Tuesday.
Trump's announcement comes nearly one week after the Florida school shooting that left 17 people dead.
A bump stock is an accessory that can be used to make a semiautomatic weapon fire like an automatic weapon, meaning a shooter could fire several rounds in one second, as the bump stock utilizes a gun's natural recoil. "After the deadly shooting in Las Vegas I directed the attorney general to clarify whether certain bump stock devices, like the one used in Las Vegas, are illegal under current law - that process began in December". The NRA signaled support for bump stock regulation after the deadly Las Vegas shooting but there have been no action.
The president has so far resisted calls to focus on firearms; the closest he has come is directing Attorney General Jeff Sessions to craft new regulations banning "bump stocks" and other devices that turn semi-automatic guns into automatic weapons - another White House statement that came with no detail. "I expect that these critical regulations will be finalized...very soon", Trump said.
United Nations 'deeply alarmed' by situation in Eastern Ghouta
The ICRC and the Syrian Arab Red Crescent accessed Eastern Ghouta in December to facilitate the evacuation of 29 wounded patients. Even though these attacks have claimed lives of adults and children alike, the regime maintains these are "precision strikes".
US hockey tops Slovakia
College kids again led the way for the USA , which scored more against Slovakia then it did in all three preliminary-round games. Ryan's dad and Harvard head coach, Ted Donato , was in attendance to see his son score, and he was sacked up by his son's goal .
Vonn struggles late, fails to medal in super-G
Shiffrin wasn't in the event, but her old skis proved magical for Ledecka on the Olympic stage. Vonn was the first racer on the hill Saturday; she wound up finishing in a tie for sixth.
Earlier Tuesday, White House press secretary Sarah Sanders said Trump had ordered the Justice Department and the ATF to review bump fire stocks, which she said had been completed.
The Florida shooting has galvanized students across the country to rally in favor of stronger gun laws.
Prior to being elected, Trump earned the support of the National Rifle Association.
Trump said: "We can not merely take actions that make us feel like we are making a difference, we must actually make a difference".
"It's OK to obtain a gun, like a handgun, but not an assault rifle", she said, adding that she hoped Trump and Congress would issue laws to strengthen background checks, ban assault rifles and prevent people with mental problems from accessing guns. Gun violence is a complex problem that requires a comprehensive set of solutions.
Former President Barack Obama and many of his fellow Democrats unsuccessfully pushed to pass gun control legislation after a gunman killed 20 children and six adults at Sandy Hook Elementary School in Newtown, Connecticut, in 2012.