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Mandatory Firearm Identification and Lost/Stolen Reporting

New regulations aim to improve the tracking of lost or stolen firearms. They mandate that all newly sold firearms include passive identification technology and require owners to report lost or stolen firearms within 48 hours. This is intended to enhance public safety by making it harder for illegal firearms to circulate.
Key points
All new firearms sold in the U.S. must include technology allowing identification by specific devices, without tracking the owner.
Firearm owners will be required to report lost or stolen firearms to local authorities within 48 hours of discovery.
Failure to report a lost or stolen firearm can result in a fine of up to $10,000, imprisonment for up to one year, or both.
Local law enforcement must transmit reports of lost/stolen firearms to the national crime information center within 7 days.
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Additional Information
Stopping the Iron Pipeline Act of 2021
Print number: HR 1952
Sponsor: Rep. Velazquez, Nydia M. [D-NY-7]
Process start date: 2021-03-16