The proposed bill aims to establish legal protections for federal firearms licensees who enter into firearm hold agreements with individuals. It introduces a new section to the Arkansas Code, specifically defining terms such as "federal firearms licensee," "firearm," and "firearm hold agreement." Under this new provision, a federal firearms licensee who lawfully operates in the state will be granted civil immunity for any acts or omissions that result in personal injury or death during the course of a firearm hold agreement, including the return of the firearm to the owner at the end of the agreement.

However, this immunity does not extend to situations where the federal firearms licensee engages in unlawful conduct related to the firearm hold agreement. The bill seeks to clarify the responsibilities and liabilities of federal firearms licensees, thereby encouraging them to participate in firearm hold agreements without the fear of civil repercussions, provided they adhere to lawful practices.