Prevent Illegal Gun Resales Act

This bill increases licensing fees for gun dealers and requires them to implement specific business practices to prevent firearms from being diverted to illegal markets or straw purchasers. It mandates dealers to provide secure gun storage devices, submit detailed business procedures, and maintain records of firearm transactions for 180 days. Dealers who fail to comply may face civil penalties up to $5,000 or license suspension. The bill creates a "high risk dealer" designation for those with repeated violations, requiring enhanced inspections, electronic record keeping, and security measures. The Attorney General must develop best practices for dealers and submit annual reports on trafficking enforcement.