Federal Firearm Licensee Act

The Federal Firearm Licensee Act would significantly strengthen regulations for federally licensed firearm dealers, manufacturers, and importers. Key provisions require dealers to implement physical security plans for their premises, conduct regular inventory checks of firearms, and maintain electronic records of all firearm transactions. The bill repeals restrictions that limited law enforcement's access to crime firearm trace data and increases penalties for violations, including civil fines and license suspensions. It also mandates background checks for dealer employees and expands reporting requirements for multiple firearm sales. This legislation directly affects all federally licensed firearm businesses operating under Chapter 44 of Title 18.