Sponsors (9)
The bill tightens physical security, record-keeping, and enforcement for licensed firearms businesses to reduce theft and diversion and improve oversight, but does so at the cost of higher compliance and administrative burdens and reduced legal recourse for small licensed sellers and manufacturers.
Licensed firearms dealers, importers, and manufacturers: must secure inventory with specified locks, safes, anchored rods, and alarm/camera measures, which reduces theft and diversion of firearms to the black market and improves public safety.
Licensed firearms dealers, importers, and manufacturers: must keep paper records of inventory and transactions on-premises in a locked fireproof safe or vault, reducing the risk of loss or tampering of business records.
Regulators and law enforcement: gain a clear enforcement regime (civil penalties, suspension, revocation) to hold noncompliant licensees accountable, deterring negligent storage and improving oversight.
Licensed firearms dealers, importers, and manufacturers: will face substantial compliance costs to buy/install safes, hardened rods, alarm/camera systems and to maintain required on‑premises storage, reducing logistical flexibility and imposing financial burdens on small businesses.
License applicants (dealers/importers/manufacturers): must submit detailed security plans for AG review, which may cause application delays, denials, and added administrative burden for businesses seeking or renewing licenses.
Licensed dealers and applicants: will face limited judicial review of AG enforcement actions under §923(f), constraining their ability to challenge penalties, suspensions, or revocations in court.
Based on analysis of 2 sections of legislative text.
Introduced February 6, 2025 by Brad Schneider · Last progress February 6, 2025
Requires federally licensed firearms importers, manufacturers, and dealers to secure every firearm on their business premises and to store on-premises paper inventory/transaction records in locked, fireproof containers; gives the Attorney General authority to add further security requirements; creates civil penalties and a tiered license suspension/revocation scheme for violations. Storage rules take effect one year after enactment and the paper-records rule takes effect 90 days after enactment.