HB5595 Summary

• Reduces reporting deadline for lost or stolen firearms from 72 hours to 48 hours for FOID card holders and requires detailed reports including date, location, caliber, make, model, and serial number.

• Increases penalties for failing to report lost or stolen firearms from a petty offense to a Class A misdemeanor for first offense and to a Class 4 felony for subsequent offenses.

• Requires Illinois State Police to create an electronic portal within one year for law enforcement and prosecutors to report individuals who fail to report lost or stolen firearms, and add written notice in English and Spanish about the 48-hour reporting obligation to FOID card applications and renewals.

• Modifies firearms trafficking, possession of stolen firearm, and aggravated possession of stolen firearm statutes to include "reasonably should know" standard and allows inference of knowledge based on firearm serial numbers in the public Illinois State Police stolen firearm database.

• Requires certified firearm dealers to notify purchasers orally and in writing in English and Spanish at time of sale that owners must report lost or stolen firearms to local law enforcement within 48 hours.