Mandatory Firearm Licensing, Registration, Insurance, and Ammunition Bans.
This act establishes a federal system requiring licenses for possessing firearms and ammunition, alongside mandatory registration of every firearm in a public database. Citizens must undergo extensive training, psychological evaluations, and purchase expensive liability insurance to legally own a weapon. The bill also prohibits the possession of large capacity magazines and .50 caliber ammunition.
Key points
Requires a license to possess firearms and ammunition, obtainable only by individuals 21+ after 24 hours of training and a psychological evaluation.
Mandatory registration of all firearms in a publicly accessible database maintained by the ATF, with a 3-month deadline for existing firearms.
Prohibits the possession of ammunition 0.50 caliber or greater and large capacity feeding devices (magazines over 10 rounds).
Requires purchasing a liability insurance policy for firearm use, costing $800 annually.
Imposes severe criminal penalties (up to $150,000 fine and 40 years imprisonment) for possessing unregistered firearms or ammunition without a license.
Status:
Expired
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