Handgun Control Act

[AI summary unavailable — showing source text] Handgun Control Act - Makes it unlawful for any person to import, manufacture, sell, buy, transfer, receive or transport any handgun and after 180 days from the effective date of this Act it shall be illegal to own or possess any handgun or handgun ammunition. Provides that the Secretary of the Treasury may, consistent with public safety and necessity, exempt from such prohibition the importation, manufacture, sale, purchase, transfer, receipt, or transportation of handguns by importers, manufacturers, or dealers, licensed under chapter 44 of title 18, United States Code, and by pistol clubs licensed under this chapter, as may be in his judgement be required for the operation of such pistol clubs. Requires a pistol club desiring to be licensed under this chapter to file an application for such license with the Secretary. Establishes a $25 annual fee for such license. Directs such clubs to meet various requirement in order to have their applications approved. Provides for administrative and judicial review in the case of a license denial or revocation by the Secretary. Provides that whoever violates any provision of this chapter or knowingly makes any false statement or representati…