The bill proposes the enactment of section 2923.22 of the Revised Code, which aims to limit the liability of federally licensed firearms dealers concerning firearm hold agreements. A firearm hold agreement is defined as a private arrangement where a dealer takes possession of a firearm from an owner at their request, holds it for a specified time, and returns it according to the agreement's terms. The bill specifies that no legal action can be taken against a federally licensed firearms dealer or the operator of an indoor shooting range for any incidents resulting from these agreements, including the return of firearms, unless the dealer or operator engaged in unlawful conduct or was aware of the firearm owner's legal incapacity to possess firearms during the agreement.

Additionally, the bill clarifies that it does not obligate federally licensed firearms dealers or indoor shooting range operators to enter into firearm hold agreements. The language inserted into the law includes definitions for key terms such as "federally licensed firearms dealer," "firearm hold agreement," and "indoor shooting range," as well as the conditions under which liability is limited. The bill aims to provide legal protections for dealers while ensuring that certain exceptions apply to maintain accountability in cases of unlawful conduct.