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Sabika Sheikh Firearm Licensing and Registration Act (H.R. 127)
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Mandated federal license for gun AND ammunition possession. Mandatory firearm registration within 3 months

Owners must submit the "make, model, and serial number of the firearm, the identity of the owner of the firearm, the date the firearm was acquired by the owner, and where the firearm is or will be stored"

Government database of all firearms (accessible by the military)

Must be made available to all branches of the military as well as all federal, state, and local law enforcement

Restricting firearm licenses to 21 year-olds after a background check and psychological exam

Required 24 hours of training and insurance for license to own firearms

License required for displaying an antique firearm in your own home

Applicants must provide proof the firearm is antique, hold a license previously described, describe to the Attorney General how they will display it, and demonstrate that they have federally approved storage for it

Additional license requirements for owning "military-style weapons"

Applicants must have the aforementioned license and an additional 24 hours of federally approved training.

Psych evaluator must interview current spouse, former spouses, and 2 other friends/family members

Not good if your ex has an axe to grind. 

License suspension for any 1 year prison sentence or lack of firearm insurance

Confiscation of all firearms upon revocation of owner's license

Okiedokie. 

Renewal every year if licensed less than 5 years, every 3 years if licensed longer

8 hours of federally-approved training required every renewal

$800 fee for firearm insurance

Military-style weapons defined:

Any of the firearms, or copies or duplicates of the firearms in any caliber, known as:

Norinco, Mitchell, and Poly Technologies Avtomat Kalashnikovs

Action Arms Israeli Military Industries UZI and Galil

Beretta Ar70, Colt AR–15

Fabrique National FN/FAL, FN/ 3 LAR, and FNC,

SWD M–10, M–11, M–11/9, M–12

Steyr AUG

INTRATEC TEC–9, TEC–DC9 8 and TEC–22

Revolving cylinder shotguns

Semi automatic rifles with at least 2 of these features: 

    1) Folding/telescoping stock

    2) Pistol grip that "protrudes conspicuously beneath the action of the weapon"

    3) A bayonet mount

    4) A flash suppressor or threaded barrel designed to accomodate a flash suppressor

    5) A grenade launcher

Semi automatic pistols with at least 2 of these features:

    1) A magazine that attaches outside of the of the pistol grip

    2) A threaded barrel

    3) A barrel shroud that "allows the shooter to hold the firearm with their support hand "without being burned" (super sciencey)

   4) An unloaded weight of more than 50 ounces (????)

   5) Is a semi-automatic version of an automatic firearm (????????????????)

Semi automatic shotguns with at least 2 of these features:

    1) A folding/telescopic stock

    2) A pistol grip

    3) A fixed magazine capacity of over 5 rounds

    4) Ability to accept a detachable magazine

15-25 years in prison, $75,000 fine for possessing a firearm or ammunition without a federal license

If you're going to loan a gun to someone, you must notify the feds or be in violation. 

10-15 years in prison and $50-75,000 fine for transferring a firearm or ammunition to someone who doesn't have a federal license

5-10 years in prison and $30-50,000 fine for selling/giving a firearm or ammunition to anyone without notifying the Attorney General

$5-10,000 fine for loaning a firearm or ammunition to anyone without notifying the Attorney General of their identity and duration of loan

15-25 years in prison and $75-$100,000 fine for giving a firearm to someone under 18, 25-40 years and $100-$150,000 if the transferee commits a crime

10-20 years in prison and $50-$100,000 fine for not having firearm insurance

10-15 years in prison and $50-$100,000 fine for possession of .50 caliber or above ammo

1-5 years in prison and $10-$25,000 fine for possession of any magazine or feed device greater than 10 rounds (government excluded)

Impossible without mass confiscation.