Blair Holt Firearm Owner Licensing and Record of Sale Act of 2024

The Blair Holt Firearm Owner Licensing and Record of Sale Act of 2024 would require most individuals to obtain a federal firearm owner license to possess certain firearms, including handguns and semiautomatic rifles with detachable magazines that can hold more than 10 rounds. The bill establishes a licensing process involving background checks, mental health evaluations, and age requirements (21 or with parental consent for younger individuals), with licensed dealers required to verify a buyer's license before completing a sale. It also creates a federal record of sale system to track firearm transfers, mandates reporting of lost or stolen firearms within 72 hours, and requires individuals to report address changes within 60 days. The law would apply to most firearm owners, with exemptions for law enforcement, military personnel, and certain ceremonial or hunting activities, and violations could result in criminal penalties including fines and imprisonment.