Sec. 101 Licensing requirement
“(aa) Firearm Licensing Requirement
“(1) In general—It shall be unlawful for any person other than a licensed importer, licensed manufacturer, licensed dealer, or licensed collector to possess a qualifying firearm on or after the applicable date, unless that person has been issued a firearm license—
“(A) under title I of Blair Holt's Firearm Licensing and Record of Sale Act of 2013, which license has not been invalidated or revoked under that title; or
“(B) pursuant to a State firearm licensing and record of sale system certified under section 602 of Blair Holt's Firearm Licensing and Record of Sale Act of 2013, which license has not been invalidated or revoked under State law.
“(2) Applicable date—In this subsection, the term applicable date means—
“(A) with respect to a qualifying firearm that is acquired by the person before the date of the enactment of Blair Holt's Firearm Licensing and Record of Sale Act of 2013, 2 years after such date of enactment; and
“(B) with respect to a qualifying firearm that is acquired by the person on or after the date of the enactment of Blair Holt's Firearm Licensing and Record of Sale Act of 2013, 1 year after such date of enactment.”