S. 1826 — Keeping Gun Dealers Honest Act of 2023

This bill modifies the requirements and penalties applicable to an individual who engages in the business of dealing, importing, or manufacturing firearms (i.e., a federal firearms licensee, or FFL). Among other things, the bill does the following: increases the allowable number of annual compliance inspections;authorizes the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) to hire at least 80 additional personnel to conduct additional inspections;increases the maximum prison term for an FFL or licensed collector who knowingly makes a false statement or representation in required firearms records;allows the ATF to require an FFL to conduct physical inventories if the FFL unlawfull...