Lets see... looks like we're expanding the definition of a frame or receiver to encompass AR uppers. Also looks like we're calling 80%'s a "receiver" Frame or receiver includes: casting or machined bodies that requires modification, including machining, drilling, filing or molding, to be used as part of a functional firearm, and which is designed and intended to be used in the assembly of a functional firearm.
Looks like were killing off home manufacturing.
Also this could bone NFA supressor builds and the like: It shall be unlawful for a person other than a licensed manufacturer or importer to engrave or cast a serial number on a firearm in or affecting interstate or foreign commerce unless specifically authorized by the Attorney General.
This looks like existing home builds will become illegal if not serialized:
Beginning on the date that is 30 months after the date of enactment of this subsection, it shall be unlawful for any person other than a licensed manufacturer or importer to knowingly possess a ghost gun in or affecting interstate or foreign commerce.
Not later than 180 days after the date of enactment of this paragraph, the Attorney General shall prescribe regulations for engraving a unique serial number onto a ghost gun.
Looks like existing jigs, fixtures and the like for finishing 80% builds will become illegal.
Except as provided in subparagraph (A), beginning on the date that is 180 days after the date of enactment of this subsection, it shall be unlawful for any person other than a licensed manufacturer to possess, purchase, or receive, in or affecting interstate or foreign commerce, a machine that has the sole or primary function of manufacturing firearms.
There's a section that requires safe storage around minors or ineligible persons. With criminal penalties and forfeiture.
Some state bribes with money.
For each of fiscal years 2023 through 2027, the Attorney General shall give affirmative preference to all Bureau of Justice Assistance discretionary grant applications of a State or Indian Tribe that has enacted legislation functionally identical to section 922(z)(4) of title 18, United States Code.’’.
Closing down any psudo-machineguns.
10rd mag caps with grandfather clause, also looks like maybe transfers of existing normal mags are restricted? And grant money to purchase privately held ones.