National Firearms Exchange Act

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: Programs to Exchange Vouchers for Firearms Title II: Tax Deduction for Taxpayers Who Donate Merchandise Vouchers National Firearms Exchange Act - Title I: Programs to Exchange Vouchers for Firearms - Amends the Omnibus Crime Control and Safe Streets Act of 1968 (Omnibus Act) to require the Director of the Bureau of Justice Assistance to establish procedures under which any unit of local government may apply for approval of a program to exchange merchandise vouchers for firearms. Requires the Director to establish criteria and procedures to determine whether any such program should be approved under this title. Prohibits the Director from approving any program that does not provide that all firearms surrendered to the program will be destroyed, but does not require the destruction of a firearm until it is no longer needed for investigatory or evidentiary purposes. Sets forth provisions regarding the timing of the approval process and the duration of approval status. Requires the Director to make every effort to secure from State governments amnesty for certain offenses for persons surrendering firearms. Authorizes the Director to make grants to approved p…