FFL Federal Firearms Regulations & Compliance

Question 1

What is the primary purpose of the Gun Control Act of 1968?

Accepted Answer

To regulate the sale and ownership of firearms

Answer

To ban all firearms

Answer

To deregulate firearm sales

Answer

To limit gun ownership to law enforcement only

Question 2

Who is required to obtain a Federal Firearms License (FFL)?

Accepted Answer

Manufacturers, dealers, and importers of firearms

Answer

All firearm owners

Answer

Only police officers

Answer

Private collectors

Question 3

What is the National Instant Criminal Background Check System (NICS) used for?

Accepted Answer

To perform background checks on firearm purchasers

Answer

To register all firearms

Answer

To ban firearm sales

Answer

To sell firearms online

Question 4

Which record must FFL holders maintain for every firearm sale?

Accepted Answer

ATF Form 4473 (Firearms Transaction Record)

Answer

Tax records only

Answer

Customer feedback forms

Answer

Vendor invoices only

Question 5

What is prohibited from firearm purchase under federal law?

Accepted Answer

Convicted felons

Answer

People with a driver’s license

Answer

Law-abiding citizens

Answer

Firearm dealers

Question 6

What does the term “straw purchase” mean in firearms law?

Accepted Answer

Buying a firearm for someone else who cannot legally buy one

Answer

Purchasing a firearm at a discount

Answer

Buying firearms in bulk legally

Answer

Returning a firearm to a dealer

Question 7

How long must FFL holders keep firearms transaction records?

Accepted Answer

At least 20 years

Answer

1 year

Answer

Until the firearm is sold

Answer

No retention required

Question 8

Which agency enforces federal firearms laws?

Accepted Answer

Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF)

Answer

Federal Bureau of Investigation (FBI)

Answer

Department of Homeland Security (DHS)

Answer

Drug Enforcement Administration (DEA)

Question 9

What is required before transferring a firearm to a private individual?

Accepted Answer

A background check via NICS and proper recordkeeping

Answer

Only verbal consent

Answer

No requirements

Answer

A notarized affidavit only