This bill amends federal firearms law to require that anyone in the business of destroying firearms must completely destroy every component of the weapon, not leave parts intact. The legislation creates new penalties for violations, including fines and up to two years in prison for individuals who fail to fully destroy firearms. It also gives the Attorney General authority to suspend or revoke the licenses of firearms dealers or destruction businesses that violate the rule, with suspension allowed on a first offense and mandatory revocation for repeat violations. The bill applies to firearms that have been shipped or transported across state or international lines. No specific funding or implementation timeline is included in the legislation.