‘‘(A) IN GENERAL.—A license issued under 
this subsection to an individual who is under in-
dictment for a crime punishable by imprison-
ment for a term exceeding 1 year is hereby sus-
pended. 
‘‘(B) AUTHORIZED FOR LACK OF FIREARM 
INSURANCE.—The Attorney General may sus-
pend a license issued under this subsection to 
an individual who has violated section 922(dd) 
in the most recent 12-month period. 
‘‘(5) REVOCATION
OF
LICENSE.—A license 
issued under this subsection to an individual who is 
or becomes prohibited by Federal or State law from 
possessing a firearm is hereby revoked. Such an in-
dividual shall immediately return the license, and 
surrender all firearms and ammunition owned or 
possessed by the individual, to the Attorney General. 
‘‘(6) EXPIRATION
OF
LICENSE.—A license 
issued to an individual under this subsection shall 
expire— 
‘‘(A) in the case of a license that has been 
in effect for less than 5 years, 1 year after 
issuance or renewal, as the case may be; or 
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‘‘(B) in the case of a license that has been 
in effect for at least 5 years, 3 years after the 
most recent date the license is renewed. 
‘‘(7) RENEWAL
OF
LICENSE.—The Attorney 
General shall renew a license issued to an individual 
under this subsection if the individual— 
‘‘(A) requests the renewal by the end of 
the 60-day period that begins with the date the 
license expires; 
‘‘(B) in the 3-year period ending with the 
date the renewal is requested— 
‘‘(i) has met the requirement of para-
graph (1)(A)(ii)(II); and 
‘‘(ii) has successfully completed a 
training course, certified by the Attorney 
General, in the use, safety, and storage of 
firearms, that includes at least 8 hours of 
training; 
‘‘(C) meets the requirement of paragraph 
(1)(A)(iii); and 
‘‘(D) in the case of a license issued under 
paragraph (1)(C), in the 2-year period ending 
with the date the renewal is requested, has suc-
cessfully completed a training course, certified 
by the Attorney General, that includes at least 
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8 hours of training in the use of the weapon 
subject to the license. 
‘‘(d) FIREARM INSURANCE.— 
‘‘(1) IN GENERAL.—The Attorney General shall 
issue to any person who has applied for a license 
pursuant to subsection (c) and has paid to the At-
torney General the fee specified in paragraph (2) of 
this subsection a policy that insures the person 
against liability for losses and damages resulting 
from the use of any firearm by the person during 
the 1-year period that begins with the date the pol-
icy is issued. 
‘‘(2) FEE.—The fee specified in this paragraph 
is $800.’’. 
(2) MILITARY-STYLE WEAPON DEFINED.—Sec-
tion 921(a) of such title is amended by inserting 
after paragraph (29) the following: 
‘‘(30) The term ‘military-style weapon’ means— 
‘‘(A) any of the firearms, or copies or duplicates 
of the firearms in any caliber, known as— 
‘‘(i) Norinco, Mitchell, and Poly Tech-
nologies Avtomat Kalashnikovs (all models); 
‘‘(ii) Action Arms Israeli Military Indus-
tries UZI and Galil; 
‘‘(iii) Beretta Ar70 (SC–70); 
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‘‘(iv) Colt AR–15; 
‘‘(v) Fabrique National FN/FAL, FN/ 
LAR, and FNC; 
‘‘(vi) SWD M–10, M–11, M–11/9, and M– 
12; 
‘‘(vii) Steyr AUG; 
‘‘(viii) INTRATEC TEC–9, TEC–DC9 
and TEC–22; and 
‘‘(ix) revolving cylinder shotguns, such as 
(or similar to) the Street Sweeper and Striker 
12; 
‘‘(B) a semiautomatic rifle that has an ability 
to accept a detachable magazine and has at least 2 
of— 
‘‘(i) a folding or telescoping stock; 
‘‘(ii) a pistol grip that protrudes conspicu-
ously beneath the action of the weapon; 
‘‘(iii) a bayonet mount; 
‘‘(iv) a flash suppressor or threaded barrel 
designed to accommodate a flash suppressor; 
and 
‘‘(v) a grenade launcher; 
‘‘(C) a semiautomatic pistol that has an ability 
to accept a detachable magazine and has at least 2 
of— 
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‘‘(i) an ammunition magazine that attaches 
to the pistol outside of the pistol grip; 
‘‘(ii) a threaded barrel capable of accepting 
a barrel extender, flash suppressor, forward 
handgrip, or silencer; 
‘‘(iii) a shroud that is attached to, or par-
tially or completely encircles, the barrel and 
that permits the shooter to hold the firearm 
with the nontrigger hand without being burned; 
‘‘(iv) a manufactured weight of 50 ounces 
or more when the pistol is unloaded; and 
‘‘(v) a semiautomatic version of an auto-
matic firearm; and 
‘‘(D) a semiautomatic shotgun that has at least 
2 of— 
‘‘(i) a folding or telescoping stock; 
‘‘(ii) a pistol grip that protrudes conspicu-
ously beneath the action of the weapon; 
‘‘(iii) a fixed magazine capacity in excess 
of 5 rounds; and 
‘‘(iv) an ability to accept a detachable 
magazine.’’. 
(3) CLERICAL AMENDMENT.—The table of sec-
tions for such chapter is amended by adding at the 
end the following: 
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‘‘932. Licensing of firearm and ammunition possession; registration of fire-
arms.’’. 
(4) DEADLINE FOR ESTABLISHMENT.—Within 
1 year after the date of the enactment of this Act, 
the Attorney General shall prescribe final regula-
tions to implement the amendments made by this 
subsection. 
(b) PROHIBITIONS; PENALTIES.— 
(1) PROHIBITIONS.—Section 922 of such title is 
amended by adding at the end the following: 
‘‘(aa) It shall be unlawful for a person to possess a 
firearm or ammunition, unless— 
‘‘(1) the person is carrying a valid license 
issued under section 932(c)(1); and 
‘‘(2)(A) in the case of a firearm owned by the 
person, the firearm is registered to the person under 
section 932(b); or 
‘‘(B) in the case of a firearm owned by another 
person— 
‘‘(i) the firearm is so registered to such 
other person; and 
‘‘(ii) such other person has notified the At-
torney General that the firearm has been loaned 
to the person, and the possession is during the 
loan period specified in the notice. 
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