Business inventory firearms

(a) Requirement To transfer firearm in personal collection to business inventory before disposition Section 923(c) of title 18, United States Code, is amended— (1) by striking the second sentence and inserting the following: Nothing in this chapter shall be construed to prohibit a licensed manufacturer, licensed importer, or licensed dealer from maintaining a personal collection of firearms.; (2) by striking the third sentence; and (3) by adding at the end the following: Any firearm disposed of by a licensee shall be from the business inventory of the licensee. (b) Licensee firearms inventory Section 923(g) of title 18, United States Code, is amended by adding at the end the following: (8) (A) Each quarter, a licensee shall conduct a physical check of the firearms inventory of the business of the licensee licensed under this chapter and report to the Attorney General and appropriate local authorities any firearm that is lost, stolen, or unaccounted for. (B) The Attorney General shall prescribe regulations to implement the requirements under subparagraph (A), which shall require, at a minimum, that a licensee record, for each firearm in the inventory of the licensee— (i) the date of receipt of the firearm; (ii) the name, address, and license number, if applicable, of the person from whom the firearm was received; (iii) the name of the manufacturer and, if applicable, importer of the firearm; (iv) the model, serial number, type, and caliber or gauge of the firearm; and (v) the date of the sale or other disposition of the firearm. (C) Nothing in this paragraph shall be construed to prohibit the Attorney General from, at any time, requiring the regular or one-time submission of the inventory records of a licensee to ensure that the licensee is in compliance with this chapter.. (c) Repeal of limitations on imposition of requirement that firearms dealers conduct physical check of firearms inventory (1) Fiscal year 2013 The fifth proviso under the heading Salaries and Expenses under the heading Bureau of Alcohol, Tobacco, Firearms and Explosives in title II of division B of the Consolidated and Further Continuing Appropriations Act, 2013 (18 U.S.C. 923 note; Public Law 113–6; 127 Stat. 248) is amended by striking and any fiscal year thereafter. (2) Fiscal year 2012 The matter under the heading Salaries and Expenses under the heading Bureau of Alcohol, Tobacco, Firearms and Explosives in title II of division B of the Consolidated and Further Continuing Appropriations Act, 2012 (Public Law 112–55; 125 Stat. 609) is amended by striking the seventh proviso. (3) Fiscal year 2010 The seventh proviso under the heading Salaries and Expenses under the heading Bureau of Alcohol, Tobacco, Firearms and Explosives in title II of division B of the Consolidated Appropriations Act, 2010 (Public Law 111–117; 123 Stat. 3129) is amended by striking or any other. (4) Fiscal year 2009 The seventh proviso under the heading Salaries and Expenses under the heading Bureau of Alcohol, Tobacco, Firearms and Explosives in title II of division B of the Omnibus Appropriations Act, 2009 (Public Law 111–8; 123 Stat. 575) is amended by striking or any other. (5) Fiscal year 2008 The seventh proviso under the heading Salaries and Expenses under the heading Bureau of Alcohol, Tobacco, Firearms and Explosives in title II of division B of the Consolidated Appropriations Act, 2008 (Public Law 110–161; 121 Stat. 1904) is amended by striking or any other. (6) Fiscal year 2006 The seventh proviso under the heading Salaries and Expenses under the heading Bureau of Alcohol, Tobacco, Firearms and Explosives in title I of the Science, State, Justice, Commerce, and Related Agencies Appropriations Act, 2006 (Public Law 109–108; 119 Stat. 2296) is amended by striking or any other. (7) Fiscal year 2005 The seventh proviso under the heading Salaries and Expenses under the heading Bureau of Alcohol, Tobacco, Firearms and Explosives in title I of division B of the Consolidated Appropriations Act, 2005 (Public Law 108–447; 118 Stat. 2860) is amended by striking or any other. (8) Fiscal year 2004 The seventh proviso under the heading Salaries and Expenses under the heading Bureau of Alcohol, Tobacco, Firearms and Explosives in title I of division B of the Consolidated Appropriations Act, 2004 (Public Law 108–199; 118 Stat. 53) is amended by striking or any other.