The bill establishes a procedure allowing a federal firearms licensee to request a firearm serial number check prior to purchasing a firearm from an individual and requires a local county sheriff's office to complete the serial number check within 72 hours after the request. The bill imposes a penalty on a licensee if a licensee fails to file a report with law enforcement when the licensee reasonably believes, knows or should know, or becomes aware that a person sold or attempted to sell a firearm that is stolen, lost, or involved in an open criminal investigation.
