The proposed legislation, known as the Anti-Red Flag Gun Seizure Act, aims to prohibit the enforcement of red flag laws in Iowa, which are defined as laws or orders that allow for the seizure of firearms from individuals without a contested court case. The bill specifies that any federal or state law that directs the confiscation of firearms from law-abiding citizens will not be enforced within the state. Additionally, it restricts state agencies and local law enforcement from receiving federal funds to enforce such laws, thereby reinforcing the state's stance against red flag laws.

Furthermore, the bill establishes penalties for political subdivisions or law enforcement agencies that violate its provisions, including a civil penalty of $50,000 for each occurrence of enforcing a red flag law. It also grants individuals the right to seek injunctive relief and damages in court if they are affected by the enforcement of a red flag law. The legislation is set to take effect immediately upon enactment.