Authority to require licensed dealer to conduct a physical inventory and provide inventory record if dealer has unlawfully transferred a firearm or 10 or more crime guns are traced to the dealer

(a) In general Section 923(g)(1) of title 18, United States Code, is amended by adding at the end the following: (E) The Attorney General may require a licensed importer, licensed manufacturer, or licensed dealer to conduct a physical inventory of the firearms in the business inventory of the licensee, and provide the Attorney General with a detailed record of the physical inventory if— (i) the licensee has been convicted of transferring a firearm unlawfully; or (ii) the Attorney General finds that 10 or more firearms used in a crime under Federal, State, or local law have been traced back to the licensee.. (b) Conforming amendments (1) Section 923(j) of such title is amended in the 6th sentence by inserting, except as required under subsection (g)(1)(E) before the period. (2) The matter under the heading salaries and expenses under the heading Bureau of Alcohol, Tobacco, Firearms and Explosives under title II of division B of the Consolidated and Further Continuing Appropriations Act, 2013 (Public Law 113–6; 127 Stat. 247) is amended in the 5th proviso by inserting, except as required under subsection (g)(1)(E) of such section 923 before the colon.