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H.R. 1674: Keep Americans Safe Act

The Keep Americans Safe Act is a proposed piece of legislation aimed at regulating large capacity ammunition feeding devices, such as magazines capable of holding more than 15 rounds of ammunition. Here is a breakdown of the key components of the bill:

Definitions

The bill provides a clear definition of a "large capacity ammunition feeding device," which includes any magazine, belt, drum, or similar device that can hold more than 15 rounds, while excluding devices specifically designed for .22 caliber rimfire ammunition.

Restrictions on Large Capacity Ammunition Feeding Devices

The bill makes it illegal for individuals to import, sell, manufacture, transfer, or possess large capacity ammunition feeding devices. However, there are exceptions outlined within the legislation:

Possession of large capacity ammunition devices lawfully held before the law's enactment is not affected.
Law enforcement officers can possess these devices for their duties, whether on or off duty.
Certain entities, including federal and state agencies, can import or transfer these devices.
Retired law enforcement officers may keep devices they obtained legally before retirement.
Manufacturers may possess these devices for testing or experimentation as authorized by the Attorney General.

Identification Markings

Manufacturers of large capacity ammunition devices made after the enactment of this bill would need to include a serial number and the manufacturing date on the device, as well as any additional identification requirements set by the Attorney General.

Seizure and Forfeiture

The legislation provides provisions for the seizure and forfeiture of devices considered illegal under this law. Changes will be made to existing laws to specify that large capacity ammunition feeding devices can be included in sentences regarding the confiscation of firearms or ammunition linked to criminal activity.

Penalties

Penalties for violations of the law related to large capacity ammunition feeding devices would be aligned with existing penalties for other firearm-related offenses. New categories of offenses related to these devices would be established, adding potential penalties for illicit activities regarding them.

Buy-back Programs

The bill would allow the use of federal Byrne grants for programs that buy back large capacity ammunition feeding devices. This provision aims to encourage individuals to surrender their devices under the new legal framework.

Severability

If any part of this act is found to be unconstitutional, the remaining provisions will still remain in effect, ensuring that the overall intent of the legislation continues to be enforced.

Relevant Companies

Ruger (RGR) - As a manufacturer of firearms and ammunition, Ruger could be affected by restrictions on large capacity ammunition feeding devices, potentially influencing their product offerings.
Smith & Wesson (SWBI) - Similar to Ruger, Smith & Wesson produces firearms that could include large capacity ammunition devices, leading to changes in their manufacturing and sales strategy.

This is an AI-generated summary of the bill text. There may be mistakes.