The bill amends existing laws regarding the carrying and possession of stolen firearms, specifically in the context of committing a crime of violence. It introduces a new section, 11-47-3.1, which makes it illegal to commit a crime of violence while armed with a stolen firearm. The penalties for violations are significantly increased: for a first conviction, the imprisonment term is raised from a minimum of five years to ten years, with a maximum of twenty years, and offenders must serve at least five years without the possibility of parole or probation. Subsequent convictions carry even harsher penalties, with the minimum sentences for second and third offenses also increased.

Additionally, the bill establishes a new section, 11-47-5.2, that makes it unlawful to possess a stolen firearm, with penalties for this offense also heightened. The minimum sentence for possession is increased from three years to five years, and the maximum is raised from fifteen years to twenty years. First-time offenders must serve at least three years without parole or probation, while those with prior convictions must serve a minimum of ten years. Overall, the bill aims to strengthen the legal framework surrounding stolen firearms and enhance penalties for offenders, taking effect immediately upon passage.