Bill > S2155

This bill aims to enhance accountability and oversight of licensed firearms dealers through several key provisions. It increases the number of allowed compliance inspections from once to three times per year, and significantly raises penalties for violations, extending potential imprisonment from one year to five years for certain offenses. The bill empowers the Attorney General to suspend or revoke firearms dealer licenses and impose civil penalties up to $10,000 per violation, particularly for serious recordkeeping offenses or transferring armor-piercing ammunition. It also introduces new requirements for dealers, such as mandatory physical inventory and detailed record-keeping if they have been convicted of unlawful firearm transfers or if 10 or more crime guns have been traced back to them. The legislation allows the Attorney General more discretion in licensing, enabling denial of applications if the applicant is deemed unlikely to comply with laws or poses a public safety risk. Additionally, the bill requires the Bureau of Alcohol, Tobacco, Firearms and Explosives to hire at least 80 additional employees to conduct increased inspections and mandates biennial reports to Congress on the implementation and effectiveness of these new regulations. The goal is to create more stringent oversight and accountability in the firearms dealer industry to help prevent potential gun trafficking and illegal firearms sales.

Justice

https://www.congress.gov/bill/119th-congress/senate-bill/2155/all-info