WI SB947

Firearm owners must report theft or loss to law enforcement within 24 hours of discovery, with first offense punishable as a Class A misdemeanor and subsequent offenses as a Class I felony

Falsely reporting a firearm as stolen or lost constitutes obstructing an officer, subject to a fine up to $10,000 or imprisonment up to nine months, or both

Commercial firearm sellers and transferors must provide buyers written notice of the 24-hour reporting requirement and associated penalties

Sellers who fail to provide the written notice face fines up to $500 or imprisonment up to 30 days, or both

Law enforcement agencies must create files on reported stolen/lost firearms and forward them to the Department of Justice for inclusion in a national crime information center database