A bill to prohibit the manufacture and importation of not readily detectable firearms, to prohibit the transfer and possession of silencers, and to provide for a waiting period before purchase of a handgun.

Amends the Federal criminal code to prohibit the: (1) manufacture of any firearm which is not readily identifiable as a firearm (unless such firearm is identical to any type designed and produced in the United States before January 1, 1986); (2) importation of any firearm which is not readily identifiable as a firearm; and (3) transfer and possession of silencers.

Requires licensed firearms dealers to notify certain law enforcement agencies before consumating handgun transaction with unlicensed individuals. Requires such a dealer to wait 15 days (unless a report is received form the law enforcement agencies in the interim) before consumating the handgun transaction.