Relating to: a requirement to report lost or stolen firearms and providing a penalty. (FE)

AB 954 requires firearm owners to report lost or stolen weapons to local law enforcement within 24 hours, and to report recovery as soon as possible. Law enforcement agencies must forward these reports to a state database for tracking stolen firearms, which will be shared with other agencies. Owners who fail to report lost/stolen firearms face fines or jail time (Class A misdemeanor for first offense, Class I felony for repeat violations), and false reports are punishable under existing law. The bill also mandates sellers provide written notice of these reporting requirements to buyers at the time of sale.