SECURE Firearm Storage Act

S 468, the SECURE Firearm Storage Act, requires federally licensed firearm importers, manufacturers, and dealers to securely store firearms and paper records when their business premises are closed. It mandates that firearms must be secured using a hardened steel rod through the trigger guard (with specific locks and anchoring) or stored in locked fireproof safes, cabinets, or vaults. The bill also requires secure storage for paper transaction records and allows the Attorney General to set additional security rules for businesses. Violations trigger tiered penalties: $1,000-$10,000 fines for first offenses, license suspension for second offenses, and license revocation for third offenses. The storage requirements for firearms take effect one year after enactment, while paper record rules begin 90 days after enactment.