Adds a new section (section 7545) to title 10 establishing prohibitions and limits on sales and procurement by the Department of Defense and government-owned plants for military-grade assault weapons and covered ammunition; sets dealer eligibility requirements, recordkeeping, training, inspection reporting, data sharing, licensing for ammunition dealers, NICS access for licensed ammunition dealers, regulatory authority for the Attorney General, definitions, and penalties.

Adds a new paragraph (5) to subsection (c) of section 7544 to require that non-Army entities participating in cooperative activities with Army industrial facilities abide by the commercial sale restrictions set forth in the new section 7545.

Amends the prefatory matter of section 7552 by inserting language making the policy in that section subject to the restrictions set forth under section 7545.

Amends the prefatory matter of section 7553(b) by inserting language making that subsection subject to the restrictions set forth under section 7545.