Bill > S1826

This bill, the Keeping Gun Dealers Honest Act of 2023, aims to increase accountability and oversight of licensed firearms dealers. Key provisions include: 1) Allowing the ATF to conduct compliance inspections of firearms dealers up to 3 times, up from the current limit of once; 2) Increasing penalties for violations by firearms licensees, with potential prison sentences of up to 5 years; 3) Allowing the Attorney General to suspend or revoke a dealer's license or impose civil penalties for violations; 4) Requiring dealers to conduct a physical inventory if they have unlawfully transferred a firearm or if 10 or more crime guns have been traced back to them; and 5) Giving the Attorney General more discretion to deny license applications if the applicant is deemed likely to not comply with the law or is otherwise unsuitable. The bill also authorizes the ATF to hire additional personnel to carry out the increased inspections.