AMMO Act
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Summary
The AMMO Act amends federal firearms law to establish new regulations on ammunition sales and transfers. It requires federal licensing for ammunition dealers, mandates recordkeeping and reporting of ammunition transactions, prohibits bulk ammunition sales (more than 1,000 rounds of most calibers or 100 rounds of .50 caliber in any 5-day period), and requires background checks before licensed dealers transfer ammunition to non-licensees. The bill also prohibits ammunition straw purchases and imposes penalties on licensees and purchasers who violate these provisions.
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