The bill requires an individual who owns a firearm to report the loss or theft of that firearm to a law enforcement agency within 48 hours after discovering that the firearm was lost or stolen. A first offense for failure to make such a report is a petty offense punishable by a twenty-five dollar fine and a second or subsequent offense is a class 3 misdemeanor. The 48-hour reporting requirement does not apply to a licensed gun dealer.
The bill requires a law enforcement agency that receives a report of a lost or stolen firearm to enter information about the lost or stolen firearm into the national crime information center database.
(Note: This summary applies to this bill as introduced.)