Adds new subsection (aa) establishing limits on bulk ammunition transfers by persons licensed under the chapter (no more than 100 rounds of .50 caliber or 1,000 rounds of other calibers in any 5-day period), requires written transferee certification, presentation of a valid identification document, completion of a form prescribed by the Attorney General (including certification and penalty notice), transmission of the form to the Attorney General within 30 days, Attorney General review and destruction rules, and recordkeeping for at least 2 years. Also makes it unlawful to knowingly make false statements or use false identification in connection with ammunition purchases.

Adds paragraph (8) requiring each person licensed under this chapter to post at the licensed premises a sign, as prescribed by the Attorney General's regulations, summarizing the new ammunition sale restrictions and related penalties and summarizing section 932 provisions relating to ammunition and their penalties.

Adds new subsection (9) to section 924(a) establishing criminal fines and additional sanctions for violations of the new ammunition transfer and certification provisions (including fines between $50,000 and $250,000 for certain licensed-person violations, a 60-day prohibition on selling firearms or ammunition for a second violation, and revocation of all licenses for a third violation), penalties (fines and up to 5 years imprisonment) for knowingly making false statements under 922(aa)(2)(B), and fines up to $10,000 for violating transmission or retention requirements under 922(aa)(2)(C)(i) or (D).

Amends 18 U.S.C. 923(g)(1) by inserting additional text into subparagraph (A) and by inserting additional text into subparagraphs (B)(iii) and (C)(ii) after the specified punctuation.

Amends the statutory note (Section 511 of title V of division B of the Consolidated and Further Continuing Appropriations Act, 2012) by replacing existing text with the phrase 'subsection (s) or (t) of section 922'.

Amends section 932 of title 18, United States Code, by modifying each of subsections (b) and (c)(2) to insert text after each place it appears.

Amends 18 U.S.C. 922(a)(1)(B) by replacing specified text: inserts 'licensed manufacturer, or licensed dealer' and inserts 'manufacturing, or dealing in' in place of earlier phrases.

Section 921(a)(11)(A) is amended by inserting text after a specified point (text not provided in the section excerpt).

Amends 18 U.S.C. 923(a)(3)(B) by striking 'who is not a dealer in destructive devices' and inserting 'in firearms other than destructive devices or ammunition for firearms other than destructive devices'.