The proposed bill aims to prohibit individuals from possessing firearms that have parts or combinations of parts designed to convert them into machine guns. Specifically, it states that no person shall knowingly own or possess a pistol with such modifications, classifying this violation as a Class C felony. The bill defines "machine gun" in accordance with federal law (26 U.S.C. § 5845) and outlines exceptions for state or local law enforcement officers acting in their official capacity, individuals possessing registered firearms or parts, and certain devices that increase a pistol's rate of fire without enabling it to fire multiple shots with a single trigger function.

Additionally, the bill includes new legal language that clarifies the definitions and exceptions related to the possession of firearms with conversion capabilities. It specifies that the act will take effect on October 1, 2024. The bill has undergone legislative review, having been read and passed by the House of Representatives with amendments.