Creates new legal definitions and a notice-and-cure regime for many violations of federal firearms licensing rules, limits when the Attorney General may revoke or deny a Federal Firearms License (FFL) for self-reported or correctable violations, and establishes a fast judicial-review process with an automatic stay when a challenged revocation is appealed. It also applies the new rules retroactively to people whose FFLs were revoked or denied under the ATF "Enhanced Regulatory Enforcement Policy" announced June 23, 2021, and directs the Attorney General to allow eligible former licensees to reapply and to approve applications if they meet the statute’s specified conditions.

The bill aims to increase due process and encourage correction of violations by giving licensees a clear correction window and limiting enforcement after remedy, while preserving exceptions for defined "uncorrectable" or high‑risk transfers and willful misconduct.