Handgun Control Act

Handgun Control Act - Makes it unlawful for any person to import, manufacture, sell, buy, transfer, receive or transport any handgun or handgun ammunition. Provides that the Secretary of Treasury may, consistent with public safety and necessity, exemption from such prohibition the importation, manufacture, sale purchase, transfer, receipt, or transportation of handguns by licensed importers, manufacturers, or dealers, and by pistol clubs licensed under this Act as may in his judgment be required for the operation of such pistol club.

Requires a pistol club desiring to be licensed under this Act to file an application for such licensed with the Secretary. Establishes a $25 annual fee for such license. Directs such clubs to meet various requirements in order to have their applications approved.

Provides for administrative judicial review in the case of a license denial or revocation by the Secretary.

Provides that whoever violates any provision of this Act or knowingly makes any false statement or represenation with respect to the information required by the provision of this Act to be kept in the records of a pistol club licensed under this Act, or in applying for any license under the provisions of this Act, shall be fined not more that $5,000, or imprisoned not more than five years, or both, and shall become eligible for parole as the Board of Parole shall determine.

Provides that any handgun involved or used in, or intended to be used in any violation of the provisions of this Act or chapter 44 (firearms legislation) of title 18, United States Code, or any rule or regulation promulgated thereunder, or any violation of any other criminal law of the United States, shall be subject to seizure and forfeiture.

Exempts from the privisions of this Act the importation, manufacture, sale, purchase, transfer, receipt, or transportation of any handgun which the Secretary determines is: (1) being imported or manufactured for, sold, or transferred to, purchased, received, or transported by, or issued for the use of, the United States or any department or agency thereof any State or any department, agency or political subdivision thereof; (2) a professional security guard service licensed by the State; or (3) a handgun manufactured prior to 1890, which is unserviceable, not restorable to firing condition, and intended for use as a curio, museum piece, or collectors' item.

Establishes procedures for the reimbursement of a person who volumtarily delivers a handgun to a law enforcement agency.

Directs the Secretary to prescribe such rules and regulations as he deems necessary to carry out the provisions of this Act. (Adds 18 U.S.C. 109-110)