To provide for a 3-day waiting period before a person may receive a handgun, with exceptions.

To provide for a 3-day waiting period before a person may receive a handgun, with exceptions. 1. 3 (a) Transfers between persons who are not firearms licensees Section 922 of title 18, United States Code, is amended by adding at the end the following: (aa) (1) Except as provided in paragraph (2), it shall be unlawful for a person not licensed under this chapter, in or affecting interstate or foreign commerce, to receive a handgun purchased or borrowed from another person not licensed under this chapter unless at least 3 days have elapsed since the recipient most recently offered to so purchase or borrow the handgun. (2) Paragraph (1) shall not apply with respect to a handgun loan that meets the conditions of subsection (t)(7). . (b) Transfers by firearms licensees to non-licensees Section 922(t) of such title is amended— (1) in paragraph (1), by striking subparagraph (B) and inserting the following: (B) (i) in the case of a transfer that is not the purchase of a handgun, or is a handgun loan that meets the conditions of paragraph (7)— (I) the system provides the licensee with a unique identification number; or (II) 3 business days (meaning a day on which State offices are open) have elapsed since the licensee contacted the system, and the system has not notified the licensee that the receipt of a firearm by such other person would violate subsection (g) or (n) of this section; and (ii) in the case of a transfer that is the purchase of a handgun, or is a handgun loan that does not meet the conditions of paragraph (7), 3 business days (meaning a day on which State offices are open) have elapsed since the licensee contacted the system, and the system has not notified the licensee that the receipt of a firearm by such other person would violate subsection (g) or (n) of this section; and ; and (2) by adding at the end the following: (7) A handgun loan meets the conditions of this paragraph if the loan meets the following conditions: (A) The borrower is the spouse, domestic partner registered as such under State law, or any of the following relations, whether by consanguinity, adoption, or steprelation, of the lender: (i) Parent. (ii) Child. (iii) Sibling. (iv) Grandparent. (v) Grandchild. (B) The lender has not loaned the handgun to the borrower on more than 5 prior occasions in the calendar year. (C) The loan is for any lawful purpose. (D) The loan is for a period of not more than 30 days. . (c) Penalties Section 924(a)(1)(B) of such title is amended by striking or (q) (q), or (aa) (d) Effective date The amendments made by this section shall apply to conduct engaged in after the 90-day period that begins with the date of the enactment of this Act.

Summary: This bill amends the federal criminal code to establish a three-day waiting period for certain handgun transfers. Specifically, the bill makes it unlawful for a licensed importer, manufacturer, or dealer to sell or transfer a handgun to an unlicensed individual unless three business days have elapsed since the licensee initiated a background check. Additionally, the bill makes it unlawful for an unlicensed individual to receive a handgun purchased or borrowed from another unlicensed individual unless at least three days have elapsed since the recipient most recently offered to purchase or borrow the handgun.