S. 597: Age 21 Act

The Age 21 Act is a piece of legislation introduced to amend current U.S. federal gun laws. Its primary aim is to prohibit individuals under the age of 21 from purchasing certain types of firearms and large capacity ammunition feeding devices. Here’s a clearer breakdown of the bill's key components and implications:

Key Provisions

• Definition of Firearms and Ammunition: The bill introduces definitions for terms such as "semiautomatic pistol", "semiautomatic shotgun", and "semiautomatic assault weapon". These categories specify various types of firearms that will be subject to the purchase restrictions.
• Age Restriction: Individuals under 21 will be prohibited from purchasing the following:
  • Any handgun.
  • Any semiautomatic assault weapon.
  • Any large capacity ammunition feeding device (which is defined as any device capable of holding more than 10 rounds).
• Exceptions: A few exceptions are included, such as:
  • Members of the Armed Forces or National Guard on duty.
  • Possession through inheritance.
  • Temporary use for specific activities like employment, ranching, or supervised instruction with consent from a guardian.

Changes to Existing Law

The bill revises several sections of Title 18 of the United States Code, primarily focusing on the regulations surrounding the sale and possession of firearms. Key revisions include:

• A new section that explicitly states the age restriction for firearm purchases.
• Changes to existing language to replace terms like "juvenile" with "person who is less than 21 years of age", making the laws more precise regarding the age classification.
• Clarifications on the temporary transfer and use of firearms by individuals under 21 under certain conditions.

Potential Impact on Purchases

If this legislation passes, it will significantly impact sales from licensed gun dealers, who will be required to enforce these age restrictions during the purchase of specified firearms and ammunition. The bill aims to enhance public safety by limiting access to particular types of firearms for younger individuals.

Relevant Companies

• Ruger (RGR): As a firearm manufacturer, Ruger's sales might be affected by reduced demand for handguns and semiautomatic assault weapons among individuals under 21.
• American Outdoor Brands (SAFM): This company, which includes brands like Smith & Wesson, might see fluctuations in sales of handguns and semiautomatic rifles due to the new restrictions.
• Axon Enterprise (AXS): While primarily focused on law enforcement products, any underlying implications for public safety and response initiatives might indirectly impact business considerations related to firearms or training equipment.