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, and violations of this provision will be classified 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, as well as individuals who possess firearms or parts registered with the Bureau of Alcohol, Tobacco, Firearms, and Explosives. Additionally, it clarifies that devices intended to increase a pistol's rate of fire, without enabling it to fire multiple shots with a single trigger function, are not subject to this prohibition.

The bill includes new legal language that prohibits the possession of firearms with specific modifications and establishes penalties for violations, while also deleting previous provisions that may have allowed for such modifications. The act is set to take effect on October 1, 2024, following its passage in the House of Representatives.