Policy Impact Analysis - 117/S/3776

Bill Overview

Title: Stopping the Fraudulent Sales of Firearms Act

Description: This bill makes it unlawful to import, manufacture, or sell a firearm or ammunition by fraudulent means (e.g., false representations). Further, it makes it unlawful to transmit a wire, radio, or television communication in interstate or foreign commerce related to such a fraudulent importation, manufacture, or sale. A violator is subject to criminal penalties—a fine, a prison term of up to five years, or both.

Sponsors: Sen. Feinstein, Dianne [D-CA]

Target Audience

Population: People involved in firearm and ammunition import, manufacture, sale, and advertisement

Estimated Size: 100000

Reasoning

Simulated Interviews

Firearms Dealer (Texas)

Age: 45 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 2.0 years

Commonness: 10/20

Statement of Opinion:

  • The new policy might add more paperwork and checks but necessary to weed out bad actors.
  • As a legitimate dealer, compliance won't change much other than maybe slower processing times.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 6 6
Year 3 7 6
Year 5 7 6
Year 10 7 6
Year 20 7 6

Lawyer (California)

Age: 30 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 5.0 years

Commonness: 5/20

Statement of Opinion:

  • This policy could lead to an increase in legal cases pertaining to compliance which is beneficial for business.
  • My clients may need more guidance initially on how to adapt.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 7
Year 3 8 7
Year 5 8 7
Year 10 8 7
Year 20 7 7

Firearms Manufacturer (Illinois)

Age: 52 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 5.0 years

Commonness: 6/20

Statement of Opinion:

  • While our operations are above board, this adds another layer of scrutiny that might slow down production.
  • Overall a positive step for the industry image.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 5 5
Year 2 6 5
Year 3 6 5
Year 5 6 5
Year 10 7 5
Year 20 7 5

Marketing Executive (New York)

Age: 39 | Gender: female

Wellbeing Before Policy: 5

Duration of Impact: 3.0 years

Commonness: 7/20

Statement of Opinion:

  • We'll need to ensure strict compliance with advertising standards to avoid risks.
  • This could mean more training and some changes in strategy, but overall a manageable shift.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 5 5
Year 2 6 5
Year 3 6 5
Year 5 6 5
Year 10 6 5
Year 20 6 5

Online Firearms Marketplace Owner (Florida)

Age: 27 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 4.0 years

Commonness: 4/20

Statement of Opinion:

  • This policy could increase legal scrutiny and require enhanced compliance measures.
  • Ultimately, it should help create a more trustworthy marketplace.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 5 6
Year 2 6 6
Year 3 6 6
Year 5 7 6
Year 10 7 6
Year 20 7 6

Stay-at-home Parent (Arizona)

Age: 33 | Gender: female

Wellbeing Before Policy: 8

Duration of Impact: 0.0 years

Commonness: 14/20

Statement of Opinion:

  • As a consumer, I’m unaffected directly, but I feel more secure knowing steps are being made to prevent fraud.
  • This policy hasn't really changed my day-to-day experiences.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 8 8
Year 3 8 8
Year 5 8 8
Year 10 8 8
Year 20 8 8

Retired Law Enforcement (Virginia)

Age: 60 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 2.0 years

Commonness: 8/20

Statement of Opinion:

  • This policy seems to strengthen enforcement against bad practices.
  • Even in retirement, I’m glad to see this level of regulatory movement.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 7
Year 3 7 7
Year 5 7 7
Year 10 7 7
Year 20 7 7

Firearms Instructor (Colorado)

Age: 41 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 3.0 years

Commonness: 9/20

Statement of Opinion:

  • This policy might cause some initial disruption among sellers, requiring adjustments.
  • Long-term, I hope it reduces bad actors in the industry.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 7
Year 2 6 7
Year 3 7 7
Year 5 7 7
Year 10 7 7
Year 20 7 7

Small Business Owner (Missouri)

Age: 50 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 4.0 years

Commonness: 7/20

Statement of Opinion:

  • Compliance could mean adjusting our inventory management and transaction processes.
  • It's a needed measure to ensure trust in small business operations.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 6 6
Year 3 7 6
Year 5 7 6
Year 10 7 6
Year 20 7 6

Tech Consultant (Washington)

Age: 28 | Gender: other

Wellbeing Before Policy: 7

Duration of Impact: 5.0 years

Commonness: 6/20

Statement of Opinion:

  • Our consultancy needs to keep updated on digital compliance issues.
  • The policy is opening up more work opportunities as retailers seek to align with new guidelines.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 8 7
Year 3 8 7
Year 5 8 7
Year 10 8 7
Year 20 8 7

Cost Estimates

Year 1: $15000000 (Low: $10000000, High: $20000000)

Year 2: $15000000 (Low: $10000000, High: $20000000)

Year 3: $15000000 (Low: $10000000, High: $20000000)

Year 5: $15000000 (Low: $10000000, High: $20000000)

Year 10: $15000000 (Low: $10000000, High: $20000000)

Year 100: $15000000 (Low: $10000000, High: $20000000)

Key Considerations