The bill introduced by Senator Craig and co-sponsored by Senator DeMora aims to enact section 2923.22 of the Revised Code, which establishes limitations on the liability of federally licensed firearms dealers concerning firearm hold agreements. The bill defines key terms such as "federally licensed firearms dealer," "firearm hold agreement," and "indoor shooting range." It specifies that a firearm hold agreement is a private arrangement where a dealer takes possession of a firearm at the owner's request, holds it for a specified time, and returns it according to the agreement's terms.

Under the proposed legislation, no individual can bring a lawsuit against a federally licensed firearms dealer or an indoor shooting range operator for any incidents resulting from a firearm hold agreement, including the return of firearms, unless the dealer or operator engaged in unlawful conduct or was aware that the firearm owner had become prohibited from possessing firearms during the agreement period. Additionally, the bill clarifies that it does not obligate dealers or range operators to enter into firearm hold agreements.