Crime Bullet Tracing Initiative

[AI summary unavailable — showing source text] Crime Bullet Tracing Initiative - Amends the Brady Handgun Violence Prevention Act to prohibit a licensed manufacturer or importer from selling, delivering, or otherwise transferring a firearm to any person without first: (1) test-firing the firearm; (2) preparing ballistics records of the fired bullet and cartridge casings; and (3) making the records available to the Secretary for entry in a computerized database. Authorizes the Secretary of the Treasury, with respect to each violation by a licensed manufacturer or importer, after notice and opportunity for hearing, to suspend for up to one year or revoke the license or assess a civil penalty of up to $10,000. Sets forth provisions regarding review of the Secretary's action. Specifies that nothing herein creates a cause of action against a Federal firearms licensee or other person for civil liability except for imposition of such civil penalty. Directs the Attorney General and the Secretary to assist firearm manufacturers and importers in complying with such prohibition through: (1) the acquisition, disposition, and upgrades of computerized ballistics equipment and bullet recovery equipment to be placed at the sites of licensed ma…