Sponsors (2)
The bill lowers costs and clarifies some statutory language for firearm transfers, but it reduces federal revenue and may modestly increase firearm transactions and legal uncertainty, trading budgetary and public‑safety risks for lower transaction costs and clearer wording for certain stakeholders.
Gun buyers and sellers no longer have to pay the transfer tax on covered firearm transfers after enactment, reducing out‑of‑pocket costs for those transactions.
Clarifying wording/punctuation in 18 U.S.C. §§922 and 925 reduces legal ambiguity for federal enforcers and compliant firearm owners, making enforcement and compliance easier to interpret.
Removing or narrowing the transfer tax reduces federal revenue, increasing budgetary shortfalls that could shift costs to taxpayers or reduce funding for federal programs.
Lowering transaction costs for firearm transfers could modestly increase firearm acquisitions, which may worsen public‑safety risks and raise burdens for law enforcement and communities.
Substantive insertions or changes to criminal statutes (18 U.S.C. §§922, 925) risk creating uncertainty about gun‑sale restrictions and state/federal interactions, complicating compliance and enforcement until clarified by courts or guidance.
Based on analysis of 4 sections of legislative text.
Alters two federal firearms statutes and adds a transfer-tax exemption in the tax code for certain firearm transfers, with the tax exemption effective after enactment.
Introduced February 25, 2026 by Dustin Johnson · Last progress February 25, 2026
Makes targeted changes to federal firearms and tax law to adjust wording in two firearms statutes and to add a transfer-tax exemption in the Internal Revenue Code for certain firearm transfers. Also establishes a short title for the Act. The tax-code exemption is effective for firearms transferred or made after the date of enactment.