COOL OFF Act

This bill requires a 3-business-day waiting period before someone can receive a handgun from another person who isn't a licensed gun seller. It applies to most private handgun transfers but includes exceptions for law enforcement, family loans (like between spouses or parents and children), temporary transfers to prevent imminent harm, and transfers for shooting or hunting under specific conditions. The waiting period begins when the recipient first offers to take possession of the gun. The law would take effect 90 days after enactment.