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 installed or attached. Violations of this provision are classified as a Class C felony. The bill also clarifies that certain individuals, such as law enforcement officers acting in their official capacity and those possessing firearms or parts registered with the Bureau of Alcohol, Tobacco, Firearms, and Explosives, are exempt from this prohibition. Additionally, it allows for parts or devices that increase a pistol's rate of fire without enabling it to fire multiple shots with a single trigger function.

The bill includes new legal language that defines the term "machine gun" in accordance with federal law (26 U.S.C. § 5845) and specifies the penalties for violations. It also outlines the effective date of the act, which is set for October 1, 2024. The bill has undergone amendments and has passed through the legislative process, receiving approval from the House of Representatives.