A task force led by vice-president Joe Biden is reportedly considering wide-ranging proposals going well beyond simply reinstating a ban on assault weapons and high capacity ammunition.
The Washington Post reports that a national data base tracking gun sales, mental health checks, and background checks are all on the table.
And in a move that is set to anger opponents of gun control, the taskforce is reportedly looking at measures that can be implemented by the president's order without the approval of Congress.
The White House is understood to want swift action while the public remains outraged over the deaths of 20 children and six adults in the Newtown school shooting in Connecticut last month.
Some reports suggest Mr Obama will have the proposals on his table within weeks.
Democrat congressman Chris Van Hollen says any approach the Obama administration takes must be comprehensive.
"The argument against gun safety provisions is always because it doesn't solve everything we shouldn't do anything and I don't subscribe to that," he said.
"I believe we need a comprehensive approach, we need to look at all the different elements here and just because a particular effort won't prevent something in one particular incident, doesn't mean you shouldn't do anything that might help in other incidents.
"Right now you can be on the terrorist watch list, you can be prevented from boarding an aeroplane, but you can go down the street and buy a semiautomatic assault weapon."
With the new Congress sworn in just days ago, 10 different bills are already on the table dealing with gun laws separate to Mr Obama's working group.