Plain-English Summary
This legislation amends current firearm laws to explicitly ban the "possession" of prohibited firearms, in addition to the existing bans on manufacturing, selling, and purchasing them. Under this bill, individuals who currently own these firearms must sell or transfer them to a federally licensed dealer or a person out of state by December 31, 2026. Violating this law could result in up to ten years in prison and a fine of up to $10,000. Exceptions are made for law enforcement agencies and licensed dealers for specific business purposes.
This new rule changes the laws about certain types of dangerous guns that are not allowed. Before, you couldn't make them or sell them to people. Now, this rule says you are not allowed to have them at all. If someone already has one of these guns, they have to get rid of it by the end of 2026. They can sell it to a special gun store or to someone who lives in a different state where the gun is allowed. If they keep it, they could get in big trouble and go to jail.