REPEAL FIREARM SALE WAITING PERIOD

HB 162 would repeal New Mexico's current seven-day waiting period for firearm purchases, directly affecting firearm sellers and buyers in the state. The bill removes Section 30-7-7.3 NMSA 1978, which required a mandatory seven-day delay between a buyer's application and firearm transfer. This change would allow immediate firearm sales without the waiting period, altering the standard purchasing process. The bill was introduced in the 2025 legislative session but was postponed indefinitely on June 3, 2025.