Requires licensed gun importers, manufacturers, and dealers to promptly report firearm transfers that proceed by “default” when a background check is delayed. It directs the Attorney General to create an FBI reporting portal and hotline, tells the FBI to prioritize those checks, and bars destruction of related transfer records until the background check is finished.

Also requires two public annual reports—one from the FBI and one from ATF—detailing the number and outcomes of these default transfers, with breakdowns by state or ATF field division, including follow‑up background check results and firearm recoveries. The first reports are due within 300 days and then every year.