# Plain Language Summary: Firearm Risk Protection Act of 2023

This bill would require anyone buying a firearm to have liability insurance before they can complete the purchase. Think of it like car insurance—just as you need proof of auto insurance to legally drive, this bill would make firearm liability insurance a requirement to own a gun. When someone tries to buy a firearm, they'd have to show the seller proof that they have an active insurance policy covering them for any damages or injuries caused by that specific gun. The seller would be responsible for checking this proof before handing over the weapon. Anyone who already owns a firearm purchased after this law takes effect would also need to maintain this insurance coverage.

The insurance policy itself would need to be legitimate—issued by an insurance company that's licensed and approved by the state where the gun owner lives. The policy must specifically cover liability losses that happen because of how the person uses that firearm while they own it. This means if someone is injured or property is damaged because of the gun owner's actions, the insurance would help cover those costs rather than leaving the victim without recourse.

The law wouldn't apply to firearms purchased by the government, military, police departments, or other official government agencies. If someone violates this requirement—either by buying a gun without insurance, selling a gun to someone without insurance, or owning a gun without maintaining the required coverage—they could face a fine of up to $10,000. The law would take effect 180 days after it's passed, giving people time to arrange insurance before the requirements kick in.

Firearm Risk Protection Act of 2023

Rep. Takano, Mark [D-CA-39]

Firearm Risk Protection Act of 2023 This bill establishes requirements for gun purchasers and gun owners to be covered by a qualified liability insurance policy. A qualified liability insurance policy, with respect to a firearm purchaser, is a policy that covers losses resulting from use of the firearm while it is owned by the purchaser. A person who fails to comply with the requirements is subject to a criminal fine of up to $10,000.