The bill establishes a procedure allowing a federal firearms licensee to request a firearm serial number check prior to purchasing a firearm from an individual and requires a local county sheriff's office or police department to complete the serial number check within 72 hours after the request. The bill also allows a federal firearms licensee to perform a firearm serial number search themself if the federal government allows a federal firearms licensee access to the federal government's firearm tracing program. The federal firearms licensee is still subject to the reporting requirements if the federal firearms licensee performs the firearm serial number search themself. The bill imposes a penalty on a licensee if a licensee fails to file a report with law enforcement when the licensee reasonably believes, knows or should know, or becomes aware that a person sold or attempted to sell a firearm that is stolen, lost, or involved in an open criminal investigation.
(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)