US SB1294

Requires firearm dealers to submit security plans, conduct quarterly inventory checks, and obtain ATF approval for license renewal; allows ATF to impose civil penalties up to $5,000 for non-compliance

Establishes searchable electronic databases of firearm sales records at the National Tracing Center within 3 years, repeals Tiahrt Amendments restricting trace data disclosure, and extends background check record retention to 90 business days

Mandates annual inspections of "high-risk" dealers (those with lost/stolen firearms, prior violations, or crime guns traced within 3 years) and inspections every 5 years for other dealers

Creates tiered penalty system for dealer violations including written warnings, fines up to $20,000, license suspension, and revocation; authorizes ATF to hire 650 additional investigators

Expands multiple-sale reporting to include semiautomatic rifles and shotguns, requires licensing of online firearm marketplace facilitators, and doubles dealer licensing fees