A bill to amend Chapter 44, Title 18, United States Code, to regulate the manufacture and importation of armor piercing bullets.

(Reported to Senate from the Committee on the Judiciary with amendment (without written report))

Amends the Federal criminal code to define "armor-piercing ammunition." Excludes from the definition: (1) shotgun shot required by Federal or State regulations for hunting; (2) frangible projectiles for target shooting; and (3) projectiles that the Secretary of the Treasury determines are primarily intended for sporting purposes.

Makes it unlawful for any person to manufacture or import armor-piercing ammunition. Allows for: (1) the manufacture or importation of armor-piercing ammunition for the use of the United States or any State or local government; (2) the manufacture for the sole purpose of exportation; and (3) the manufacture or importation for testing or experimentation authorized by the Secretary. Allows for the sale and delivery of armor-piercing ammunition for these purposes.

Establishes a licensing fee of $1,000 per year for manufacturers and importers of armor-piercing ammunition.

Authorizes the Secretary to revoke any license issued to a dealer if such dealer willfully transfers armor-piercing ammunition.

Requires licensed importers and manufacturers to specially mark all armor-piercing projectiles and packages.

Imposes an additional mandatory sentence of not less than five years for any person who uses or carries a firearm and is in possession of armor-piercing ammunition during the commission of a crime of violence. Provides that such sentence shall not be suspended or probation or parole be granted.