Federal Firearms Act

[AI summary unavailable — showing source text] Federal Firearms Act - Prohibits the transfer to or receipt by one individual of two or more handguns in a period of 30 days or less, unless authorized by a Federal statute by the Secretary of the Treasury. Prohibits the transfer of a handgun to an individual if the transferor knows the purchase or possession of such gun by that individual would be in violation of Federal, State, or local law. Prohibits transfer of a firearm to any individual before the transferor has complied with the law of the jurisdiction where the transferee resides pertaining to licenses, permits, and waiting periods. Prohibits the production of concealable handguns, as defined by this Act, except as authorized by the Secretary. Prohibits knowingly bringing into the United States any handgun part intended for use in the assembly of a concealable handgun. Prohibits knowingly receiving such handgun parts. Allows licensed importers, manufacturers, or dealers to sell a handgun to an individual (other than a licensed importer, manufacturer, or dealer) only if such individual appears in person at the licensee's business premises and submits to the transferor a sworn statement that receipt of the handgun will not be…