This bill mandates that State and local law enforcement agencies report specific data regarding applications for permits to carry handguns, permits to purchase handguns, and firearm purchaser identification cards to the Attorney General. The required data includes the date of application submission, the county and municipality of submission, the applicant's year of birth, race, ethnicity, and gender identity, the approval or denial status of the application, the date of that decision, and the reason for any denial. The Attorney General is tasked with compiling this data, which must be submitted on a monthly basis, and issuing an initial report covering data from June 23, 2022, to the first day of the second month following the bill's effective date, along with monthly reports thereafter.

The bill also highlights the importance of addressing potential disparities in firearm licensing outcomes, particularly concerning suspect classes, as identified in recent studies. It references significant legal precedents that shape the current understanding of firearm regulations and the treatment of individuals in relation to their Second Amendment rights. The Attorney General's role in overseeing and reporting this data aims to ensure transparency and fairness in the licensing process, particularly in light of findings that suggest higher denial rates for applicants from marginalized communities.