New Security Rules for Gun Dealers to Prevent Firearm Theft.
This law mandates strict, specific security requirements for federally licensed firearm dealers, manufacturers, and importers regarding the storage of their inventory and records. The goal is to significantly reduce the theft of firearms from commercial premises, thereby enhancing public safety in communities. Dealers must secure all firearms in vaults, safes, or using specific hardened steel locking mechanisms when the business is closed.
Key points
Licensed dealers must secure every firearm in inventory using locked fireproof safes, vaults, or anchored steel rods when the premises are not open for business.
Penalties for non-compliance include civil fines ($1,000–$10,000), license suspension, and eventual license revocation after repeated violations.
New license applicants must submit a plan detailing how they will meet these rigorous security standards before approval.
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