The Prevent Illegal Gun Resales Act strengthens federal oversight of licensed firearm dealers to reduce illegal gun trafficking. The bill increases dealer licensing fees from $50–$1,000 to $2,000, requires dealers to implement anti-trafficking practices and secure storage, and mandates they keep detailed crime trace records for 180 days while responding to law enforcement within 24 hours. New federal penalties include up to 15 years in prison for illegally transferring firearms to prohibited persons, and the Attorney General can fine non-compliant dealers up to $5,000 or suspend their licenses. The legislation also directs the ATF to investigate trafficking sources, establish a Gun Trafficking Awareness Program for dealers, and allows the Attorney General to designate high-risk dealers for enhanced regulations including mandatory video surveillance, electronic record-keeping, and warrantless inspections. The Attorney General must report annually to Congress on trafficking investigations and prosecutions.
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