https://www.congress.gov/bill/117th-congress/house-bill/127/text Main points “(a) In General.—The Attorney General, through the Bureau of Alcohol, Tobacco, Firearms and Explosives, shall establish a system for licensing the possession of firearms or ammunition in the United States, and for the registration with the Bureau of each firearm present in the United States.

“(b) Firearm Registration System.—

“(1) REQUIRED INFORMATION.—Under the firearm registration system, the owner of a firearm shall transmit to the Bureau—

“(A) the make, model, and serial number of the firearm, the identity of the owner of the firearm, the date the firearm was acquired by the owner, and where the firearm is or will be stored; and

“(B) a notice specifying the identity of any person to whom, and any period of time during which, the firearm will be loaned to the person.

“(2) DEADLINE FOR SUPPLYING INFORMATION.—The transmission required by paragraph (1) shall be made—

“(A) in the case of a firearm acquired before the effective date of this section, within 3 months after the effective date of this section; or

“(B) in the case of a firearm acquired on or after the effective date, on the date the owner acquires the firearm.

“(3) DATABASE.—

“(A) IN GENERAL.—The Attorney General shall establish and maintain a database of all firearms registered pursuant to this subsection.

“(B) ACCESS.—The Attorney General shall make the contents of the database accessible to all members of the public, all Federal, State, and local law enforcement authorities, all branches of the United States Armed Forces, and all State and local governments, as defined by the Bureau.

“(A) GENERAL LICENSE.—Except as otherwise provided in this subsection, the Attorney General shall issue to an individual a license to possess a firearm and ammunition if the individual—

“(i) has attained 21 years of age;

“(ii) after applying for the license—

“(I) undergoes a criminal background check conducted by the national instant criminal background check system established under section 103 of the Brady Handgun Violence Prevention Act, and the check does not indicate that possession of a firearm by the individual would violate subsection (g) or (n) of section 922 or State law;

“(II) undergoes a psychological evaluation conducted in accordance with paragraph (2), and the evaluation does not indicate that the individual is psychologically unsuited to possess a firearm; and

“(III) successfully completes a training course, certified by the Attorney General, in the use, safety, and storage of firearms, that includes at least 24 hours of training; and

“(iii) demonstrates that, on issuance of the license, the individual will have in effect an insurance policy issued under subsection (d).

“(B) ANTIQUE FIREARM DISPLAY LICENSE.—The Attorney General shall issue to an individual a license to display an antique firearm in a residence of the individual if the individual—

“(i) is the holder of a license issued under subparagraph (A);

“(ii) supplies proof that the individual owns an antique firearm;

“(iii) describes the manner in which the firearm will be displayed in accordance with regulations prescribed by the Attorney General, and certifies that the firearm will be so displayed; and

“(iv) demonstrates that the individual has provided for storage of the firearm in a safe or facility approved by the Attorney General for the storage of firearms.

(2) PSYCHOLOGICAL EVALUATION.—A psychological evaluation is conducted in accordance with this paragraph if—

“(A) the evaluation is conducted in compliance with such standards as shall be established by the Attorney General;

“(B) the evaluation is conducted by a licensed psychologist approved by the Attorney General;

“(C) as deemed necessary by the licensed psychologist involved, the evaluation included a psychological evaluation of other members of the household in which the individual resides; and

“(D) as part of the psychological evaluation, the licensed psychologist interviewed any spouse of the individual, any former spouse of the individual, and at least 2 other persons who are a member of the family of, or an associate of, the individual to further determine the state of the mental, emotional, and relational stability of the individual in relation to firearms.

“(3) DENIAL OF LICENSE.—

“(A) REQUIRED.—The Attorney General shall deny such a license to an individual if—

“(i) the individual is prohibited by Federal law from possessing a firearm; or

“(ii) the individual has been hospitalized—

“(I) with a mental illness, disturbance, or diagnosis (including depression, homicidal ideation, suicidal ideation, attempted suicide, or addiction to a controlled substance (within the meaning of the Controlled Substances Act) or alcohol), or a brain disease (including dementia or Alzheimer’s); or

“(II) on account of conduct that endangers self or others.

“(B) AUTHORIZED.—The Attorney General may deny such a license to an individual if—

“(i) the psychological evaluation referred to in paragraph (2) indicates that the individual—

“(I) has a chronic mental illness or disturbance, or a brain disease, referred to in subparagraph (A)(ii)(I);

“(II) is addicted to a controlled substance (within the meaning of the Controlled Substances Act) or alcohol; or

“(III) has attempted to commit suicide; or

“(ii) prior psychological treatment or evaluation of the individual indicated that the individual engaged in conduct that posed a danger to self or others.

“(4) SUSPENSION OF LICENSE.—

“(A) IN GENERAL.—A license issued under this subsection to an individual who is under indictment for a crime punishable by imprisonment for a term exceeding 1 year is hereby suspended.

“(B) AUTHORIZED FOR LACK OF FIREARM INSURANCE.—The Attorney General may suspend a license issued under this subsection to an individual who has violated section 922(dd) in the most recent 12-month period.

“(d) Firearm Insurance.—

“(1) IN GENERAL.—The Attorney General shall issue to any person who has applied for a license pursuant to subsection (c) and has paid to the Attorney General the fee specified in paragraph (2) of this subsection a policy that insures the person against liability for losses and damages resulting from the use of any firearm by the person during the 1-year period that begins with the date the policy is issued.

(1) PROHIBITIONS.—Section 922 of such title is amended by adding at the end the following:

“(aa) It shall be unlawful for a person to possess a firearm or ammunition, unless—

“(1) the person is carrying a valid license issued under section 932(c)(1); and

“(2) (A) in the case of a firearm owned by the person, the firearm is registered to the person under section 932(b); or

“(B) in the case of a firearm owned by another person—

“(i) the firearm is so registered to such other person; and

“(ii) such other person has notified the Attorney General that the firearm has been loaned to the person, and the possession is during the loan period specified in the notice.

“(bb) (1) It shall be unlawful for a person to transfer a firearm or ammunition to a person who is not licensed under section 932(c)(1).

“(2) It shall be unlawful for a person to sell or give a firearm or ammunition to another person unless the person has notified the Attorney General of the sale or gift.

“(3) It shall be unlawful for a person to loan a firearm or ammunition to another person unless the person has notified the Attorney General of the loan, including the identity of such other person and the period for which the loan is made.

“(4) It shall be unlawful for a person holding a valid license issued under section 932(c)(1) to transfer a firearm to an individual who has not attained 18 years of age.

“(cc) A person who possesses a firearm or to whom a license is issued under section 932(c)(1) shall have in effect an insurance policy issued under section 932(d).”.

(a) In General.—Section 922 of title 18, United States Code, as amended by section 2 of this Act, is amended by adding at the end the following:

“(dd) (1) It shall be unlawful for any person to possess ammunition that is 0.50 caliber or greater.

“(2) (A) It shall be unlawful for any person to possess a large capacity ammunition feeding device.

(b) Large Capacity Ammunition Feeding Device Defined.—Section 921(a) of such title, as amended by section 1 of this Act, is amended by inserting after paragraph (30) the following:

“(31) The term ‘large capacity ammunition feeding device’ means a magazine, belt, drum, feed strip, or similar device that has a capacity of, or that can be readily restored or converted to accept, more than 10 rounds of ammunition, but does not include an attached tubular device designed to accept, and capable of operating only with, .22 caliber rimfire ammunition.”.

                                             MOLON LABE PIGS