The bill introduces a new section, 790.402, to the Florida Statutes, which mandates that individuals who own or lawfully possess a firearm must report any loss or theft of the firearm to the local law enforcement agency within 48 hours of becoming aware of the incident. The report must include specific details such as the make, model, caliber, and serial number of the firearm, as well as the date, time, place, and circumstances of the last sighting of the firearm. Upon receiving such a report, the local law enforcement agency is required to create an incident report and provide a copy to the reporting individual at no cost upon request.

Additionally, the bill stipulates that if an individual who has reported a firearm as lost or stolen subsequently recovers the firearm, they must notify the local law enforcement agency within 48 hours of the recovery. The effective date for this legislation is set for July 1, 2026.