Gun Control Registration and Licensing Act

Gun Control Registration and Licensing Act - Title I: Registration of Firearms - Makes it unlawful to possess a firearm not registered as provided by this Act. Requires a purchaser of a firearm from a person other than a licensed dealer to complete and file with the Secretary of the Treasury an application for the registration of the firearm.

Requires a licensed dealer who sells a firearm to require from the purchaser a completed application for the registration of the firearm and to file the application with the Secretary at the time of sale. Authorizes the Secretary to prescribe the form for such applications, and sets forth the pertinent data to be supplied on the forms. Sets the fee for the original application at $1.

Provides that a registrant of a firearm who sells the firearm shall return to the Secretary of Treasury his certificate of registration. Requires the purchaser of a firearm to note the number of the seller's certificate on his application.

Prohibits licensed dealers from: (1) receiving firearms by way of pledge or pawn with the certificate; and (2) selling ammunition without requiring the purchaser to exhibit his certificate. Requires the possessor of a firearm to notify the Secretary within ten days of loss, theft or destruction of the firearm. Sets forth a penalty for violation of this Act at a maximum of two years imprisonment and/or up to a $2,000 fine.

Provides that anyone who supplies false information pursuant to this Act shall be fined up to $10,000 and/or imprisoned up to five years. Authorizes the Secretary to pay the reasonable value for firearms relinquished to him. Authorizes the Secretary to promulgate rules and regulations to carry out this Act.

Title II: Gun Permits - Requires the Secretary to determine which States have adopted adequate permit systems for the possession of firearms, and sets forth specific requirements for an adequate permit system.

Makes it unlawful to transfer any firearm or ammunition to any person other than a person who has a valid permit. Sets forth a list of qualifications which must be met before a licensed dealer shall issue a Federal gun license.

Provides that such a license shall cost $1 and be valid for a period of up to three years. Requires dealers to maintain records of all licenses issued by him.

Title III: Handgun Controls - Declares the finding of the Congress that: (1) handguns in the United States in private hands number approximately 24 million as of 1968; (2) such handguns play a major role in the commission of homicide, aggravated assault, and armed robbery; (3) the majority of handguns are acquired secondhand; and (4) violent crimes perpetrated with handguns constitute a burden upon interstate commerce and threaten the internal security and domestic tranquillity of the United States.

Makes it unlawful for any person to import, manufacture, sell, buy, transfer, receive, or transport any handgun and handgun ammunition. Provides that it shall be unlawful, after one hundred eighty days from the effective date of this Act, for any person to own or possess any hundgun or handgun ammunition. Allows the Secretary to, consistent with public safety, exempt importers, manufacturers, dealers and pistol clubs licensed under this title from the provisions of this section.

Declares that whoever violates any provision of this section shall be fined not more than $5,000 or imprisoned not more than five years, or both.

Provides that a pistol club desiring to be licensed shall file an application for such license with the Secretary. Establishes specific requirements to be met by such pistol club before the Secretary may approve the application for a license. Directs the Secretary to revoke any license issued under this section, after notice and opportunity for hearing, if the holder of such license has violated any provision of this Act. Establishes procedures for judicial review of any revocation of or refusal to issue a license by the Secretary.

Provides that whoever knowingly makes any false statement or representation with respect to the information required by the provisions of this Act shall be fined not more than $5,000, or imprisoned not more than five years, or both.

Excepts the following organizations from the provisions of this title: (1) a State licensed security guard service; (2) the United States or any department or agency thereof; or (3) any State or any department, agency, or political subdivision thereof. States that the provisions of this Act shall not apply with respect to any handgun manufactured before 1890, or any other handgun which the Secretary determines is unserviceable and intended for use as a curio, museum piece, or collectors item.

Provides that the United States shall make a payment of $25 or the fair market value (whichever is more) of any handgun delivered to a law enforcement agency within one hundred eighty days of the effective date of this Act.

Authorizes the appropriation of such sums as may be necessary to carry out the purposes of this Act.