Prevent Illegal Gun Resales Act: New Rules for Firearm Dealers
This act introduces significant changes for firearm dealers, increasing licensing fees and imposing new obligations to prevent illegal gun trafficking. Citizens may experience increased safety, but also potential changes in gun availability and prices due to stricter regulations for dealers.
Key points
Significant increase in licensing fees for firearm dealers, potentially affecting the number of licensed sales points.
Introduction of requirements for secure gun storage devices at sales locations and detailed business procedures to prevent illegal trafficking.
Increased financial penalties and potential license suspension or revocation for dealers who fail to comply with new regulations.
New obligations for dealers to respond to requests for information on firearms used in crimes and to update procedures in case of frequent reports of lost/stolen guns.
Establishment of a Gun Trafficking Awareness Program for dealers who unknowingly sold firearms to individuals violating the law, aimed at preventing future violations.
Introduction of special regulations for high-risk dealers, including mandatory electronic record-keeping, data access for law enforcement, and recording of transactions.
Expired
Additional Information
Print number: 118_HR_7834
Sponsor: Rep. Frost, Maxwell [D-FL-10]
Process start date: 2024-03-29