Personalized Handgun Safety Act

[AI summary unavailable — showing source text] Personalized Handgun Safety Act - Requires the Director of the National Institute of Justice to make grants to qualified entities (states or local governments, organizations, or institutions of higher education) to develop technology for personalized handguns (a handgun that enables only the authorized user to fire it). Requires a recipient to use not less than 70% of grant funds to develop technology for personalized handguns. Allows such entity to use not more than: (1) 20% of such funds to develop technology for retrofitted personalized handguns, and (2) 10% of such funds for administrative costs. Provides for one-year grant awards, subject to renewal. Directs the Consumer Product Safety Commission (CPSC) to promulgate a consumer product safety standard providing a specified timetable by which handguns manufactured, sold, offered for sale, traded, transferred, shipped, leased, or distributed in the United States must be personalized handguns or retrofitted personalized handguns, depending on the date of manufacture. Exempts antique firearms and firearms owned by the Department of Defense (DOD). Requires the cost of retrofitting a handgun to be borne by the manufacturer if the ma…