Bill > S3212

This bill, the Federal Firearm Licensing Act, would require individuals to obtain a federal license to purchase or receive a firearm. The key provisions include: 1. Establishing a federal system for issuing firearm licenses, which would require applicants to complete firearms safety training, undergo a background check, and provide identifying information on the firearm they intend to obtain. 2. Requiring a 30-day license validity period and a 5-year expiration, with the option for renewal. 3. Allowing the Attorney General to deny or revoke a license if the applicant poses a significant danger of bodily injury to themselves or others. 4. Requiring individuals who sell or transfer a firearm to report the transaction to the Attorney General within 3 business days, including information on the seller, transferee, and the firearm. 5. Allowing states to have a licensing system that the Attorney General deems substantially similar to the federal requirements, exempting individuals in those states from the federal licensing mandate. The bill also introduces a point-of-sale background check requirement for private firearm transfers and prohibits the sale or transfer of firearms to unlicensed individuals.