People would need licenses to buy, receive, or possess guns

People would need a valid federal license to buy, receive, or possess a gun. Each federal license would cover the purchase of one gun. The federal requirement would not apply to people in states whose licensing process the Attorney General finds substantially similar. The gun would have to be purchased within 30 days after the license is issued. The license would expire five years after issuance.

Federal license applicants would have to complete safety training and pass written and hands-on tests, including firing a gun. People renewing federal licenses would have to meet the application requirements again. Applicants would submit proof of identity, fingerprints, and details identifying the gun and seller, and undergo a background investigation and criminal history check. The Attorney General would have to deny a license if receiving or transferring the gun would violate the listed federal restrictions or state law.

The Attorney General could deny a license for significant danger and would have to revoke one for significant danger or specified legal barriers. Legal barriers mean receiving or transferring a gun would violate the listed federal restrictions or state law. Danger means a significant risk of bodily injury to the person or others. People denied licenses for danger could seek federal court review. Guns removed after revocation could be returned only if the license is restored. People whose licenses are revoked for danger would receive an opportunity for a federal court hearing within 30 days after revocation.

Gun transfers between people without federal firearm business licenses would have to go through a federally licensed firearm business. This would apply when neither person is a federally licensed gun importer, manufacturer, or dealer. The business would first take possession of the gun and follow the requirements for a transfer from its own inventory. If the transfer falls through, returning the gun to the original owner would not count as a transfer under these federal gun laws.

People would be barred from transferring guns to recipients without the required recently issued license and would have to report transactions. These requirements would cover gun sales and other transfers. Recipients would need a federal license or a license under a state law the Attorney General finds substantially similar, issued during the previous 30 days. Reports to the Attorney General would identify the people involved and the gun. A separate requirement to report to relevant law enforcement agencies does not clearly say which transfers it covers.