This bill adds a new security rule to 18 U.S.C. 923 that applies to federally licensed firearm importers, manufacturers, and dealers. It requires those licensees to keep each firearm in their business inventory at the licensed premises. When the business is closed, each firearm must either be secured with a 1/4 inch hardened steel rod placed through the trigger-guard area and locked with a hardened-steel lock (the lock must be shielded from bolt cutters and the rod anchored to the premises) or stored in a locked fireproof safe, locked gun cabinet (non-steel cabinets must have each firearm inside secured by the hardened-steel rod), or a locked vault. The bill also requires paper business records of inventory and firearm transactions to be kept at the premises in a secure location such as a locked fireproof safe or locked vault when the business is closed.
The Attorney General may write rules to add more security measures, such as alarm and camera systems, site hardening, protections for electronic records, and other theft-reduction measures. The bill adds penalties to 18 U.S.C. 924 for failing to follow these security rules: for a first violation a civil penalty of $1,000 to $10,000; for a second violation the license must be suspended until the violation is fixed and a civil penalty may apply; for a third violation the license must be revoked and a civil penalty may apply. The bill also changes the license application to require a description of how the applicant will comply with the new security rules and says the Attorney General must find that description acceptable.
The bill sets the effective date for the firearm storage rules to one year after enactment and the paper records storage rules to 90 days after enactment.
No publicly available information.
No publicly available information.