The Prevent Illegal Gun Resales Act increases federal licensing fees for firearms dealers and creates new regulations to prevent illegal gun trafficking. It raises dealer licensing fees from as low as $10 annually to between $400 and $2,000 depending on the license type, and requires dealers to submit detailed business practices and anti-trafficking procedures as part of their license applications. The bill also establishes a new federal crime of firearms trafficking for anyone knowingly transferring multiple guns to someone they know is prohibited from owning them, with penalties up to 15 years in prison for individuals and civil penalties up to $50,000 per gun for licensed dealers. Additionally, the legislation requires gun dealers to maintain crime gun trace records for 180 days, respond to law enforcement requests within 24 hours, implement enhanced security measures like video surveillance, and comply with anti-trafficking business practices or face civil penalties up to $5,000 and potential license suspension. The bill creates a Gun Trafficking Awareness Program to help dealers identify straw purchases and establishes a "high-risk dealer" designation that triggers enhanced inspections and record-keeping requirements, with most provisions taking effect 180 days after the bill becomes law.
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