US HB7134

Requires persons engaged in the business of destroying firearms to destroy every component of the firearm, not just select parts, for weapons that have been shipped or transported in interstate or foreign commerce

Defines "engaged in the business" as a destroyer of firearms as someone who devotes time, attention, and labor to firearm destruction as a regular course of trade to predominantly earn a profit

Establishes criminal penalties of fines and/or imprisonment up to 2 years for violations, in addition to existing penalties under current law

Authorizes the Attorney General to suspend a federal firearms licensee's license for first-time violations after notice and hearing, and mandates immediate license revocation for subsequent violations

Amends Section 922 of title 18, United States Code (federal firearms laws) by adding new subsection (aa) with these destruction requirements