Summary

Creates a new federal firearms licensing program by adding a new part to Title I of the Omnibus Crime Control and Safe Streets Act and authorizes whatever funding is necessary to carry out that new part. The measure establishes a federal statutory basis for firearms licensing and provides a standing authorization of appropriations rather than specifying a dollar amount. The text in the provided sections sets the structure (adding the licensing part and an authorization of "such sums as may be necessary") but does not include the detailed licensing rules, eligibility criteria, enforcement mechanisms, or implementation timeline in the two sections summarized here.

• Adds a new federal firearms licensing part to Title I of the Omnibus Crime Control and Safe Streets Act.
• Authorizes "such sums as may be necessary" to implement the new licensing program.
• The two sections set up statutory authority but do not specify licensing details, standards, or penalties.
• Actual funding and operational rules would require subsequent appropriations and administrative rulemaking.
• Likely affects firearm owners, dealers, and federal/state agencies that would implement or enforce licensing.
• Authorization language is open-ended rather than a fixed appropriation amount.
• The measure creates a federal framework that could increase federal oversight of firearms transactions.
• No effective date or implementation timeline is specified in the summarized sections.