Gun Theft Prevention Act

The Gun Theft Prevention Act requires licensed firearm dealers to implement specific security measures, including locked cabinets, security systems, and site hardening, to prevent gun thefts. It mandates annual security plan certifications with inventory reconciliation, employee background checks before firearm possession, and 30-day reporting of stolen firearms to authorities. The bill increases inspections (annual for high-risk dealers, triennial for others) and establishes civil penalties of up to $20,000 for violations. These requirements apply to all federally licensed gun dealers nationwide, with a one-year transition period for implementation, while maintaining state law authority over firearm dealing.