Requires the ATF to produce and publish an annual electronic report of firearm trace data for the most recently completed calendar year. The report must be delivered to Congress and made publicly available, with the first report due within 180 days of enactment and subsequent reports at least once each year.

Defines key terms used in reporting (for example, “time-to-crime,” “multiple sale,” and “privately made firearm”) and specifies a range of required data elements and breakdowns, including summaries by licensee, State, metropolitan area, firearm type, and trafficking analyses.