Quote:
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Beginning on the date that is 180 days after the date of enactment of this subsection, it shall be unlawful for any person who is not licensed under this chapter to transfer a firearm to any other person who is not licensed under this chapter, unless a licensed importer, licensed manufacturer, or licensed dealer has first taken possession of the firearm for the purpose of complying with subsection (s).
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Exemptions are made for the following:
- gifts (but not loans) between spouses, between parents and their children, between siblings, or between grandparents and their grandchildren
- a transfer made from a decedent’s estate, pursuant to a legal will or the operation of law
- a temporary transfer of possession, as long as the actual transfer occurs within the home of the owner, is not removed from the owner's home, and lasts less than 7 days
- if the transfer occurs at a shooting range, but the firearm remains at the range
- if the transfer occurs at a shooting range, but the firearm remains at the range
- if the gun is being lent for hunting purposes during hunting season and the transferee is duly licensed
A "transfer" is defined as "a sale, gift, loan, return from pawn or consignment, or other disposition."
Failure to report the theft or loss of a firearm within 24 hours would be a felony. And the cost? An estimated $100 million/year.
There's also an odd bit that the Attorney General "shall include a provision setting a maximum fee that may be charged by licensees for services."