The proposed bill introduces a new section, 650.590, to the Missouri Revised Statutes, known as the "Gun Theft Prevention Act." This legislation mandates that any person or entity licensed to deal in firearms must submit a security plan to the Department of Public Safety (DPS) for approval before engaging in sales. The security plan must be submitted by January 1, 2027, or prior to the opening of a newly licensed dealer's business. Additionally, the DPS is required to inspect the premises of the licensed dealer within one year of plan approval to ensure compliance with the security measures outlined in the plan. Licensed dealers must also conduct annual inventories of their firearms and report any missing items. The bill establishes penalties for non-compliance, including civil fines of up to $5,000 for failing to submit a security plan or for not certifying compliance with the security measures. More severe penalties are outlined for repeated violations, particularly those resulting from gross negligence, which could include fines up to $20,000 or orders to cease operations until compliance is achieved. The DPS is tasked with developing regulations to enforce these requirements and must report annually to the General Assembly on the implementation of the act.

Statutes affected:
Introduced (6613H.01): 650.590