Oh Ya! quit drinking the kool-aid!
At issue for gun owners is a provision that would allow the FBI to obtain "firearms sales records." The bill extends Section 215 of the PATRIOT Act and allows agents of the federal government to get "firearms sales records" which, in their opinion, are relevant to investigating terrorism.
These records would be obtained from gun dealers, who are required by law to keep the gun purchase records (4473 forms). Thus, an anti-gun administration could then easily compile gun owner registration lists -- an enterprise which has often been a prelude to gun confiscation.
"Often"? Only in your imagination. How many gun confiscations have there been throughout the world?