Yeah, it just has way too much wiggle room for the gun grabbers.
I think it's the database they want. In Chicago they've attempted to get the federal list of multiple handgun (that's 2) purchasers within a week, which the government can legally maintain in order to crosscheck for Chicago purchasers. Would they go after this list to check for federal registrants who hadn't registered with the city, and are thus subject to confiscation and charges? IMO, in a heartbeat. I see little or no upside for gunowners in this.
No. it's not.
The bill addresses very specific issues, and is based entirely on existing legal precedent.
I am disappointed that so many here are having trouble understanding it.