Trafficking Reduction And Criminal Enforcement (TRACE) Act
A BILL
To prevent the illegal sale of firearms, and for other purposes.
2. Regulatory requirement to mark firearms with second, hidden serial number
“(30) The term “frame or receiver”—
“(A) means the part of a firearm that can provide the action or housing for the hammer, bolt, or breechblock and firing mechanism;
“(B) includes a frame or lower receiver blank, casting, or machined body that requires further machining or molding to be used as part of a functional firearm, and which is designed and intended to be used in the assembly of a functional firearm; and
“(C) does not include a piece of material that has had—
“(i) its size or external shape altered solely to facilitate transportation or storage; or
“(ii) solely its chemical composition altered.”
3. Requirement to preserve instant criminal background check records for 180 days
4. Requirement that licensed firearms dealers conduct physical check of their firearms business inventory
“(8) Each licensee shall conduct a physical check of the firearms inventory of the business of the licensee licensed under this chapter, in accordance with regulations which shall be prescribed by the Attorney General.”