You WILL NOT have any say in the matter!
If the law passes both houses of Congress and POTUS signs it (which I seriously doubt that he will - should this POS legislation get to his desk), the Feds will use the ATF Form 4473 each person who purchases a weapon at a licensed gun shop has to fill out.
They are on file at gun stores, and ATF can look at them anytime it wants to! Current law does not allow ATF to keep a permanent record of them. However, gun stores have to keep them on file.
IIRC, gun stores which go out of business have to turn the forms over to ATF.
Bottom line: if you legally purchase a weapon at a licensed gun store, the ATF CAN and WILL find out about it, if and when they want to.
Example: a number of years ago, a really dumb man’s concealed handgun fell out of his jacket pocket and discharged at a downtown San Diego movie house. The cops were waiting for him when he got home - ATF chased the serial number of the handgun back to him FRom the ATF Form 4473.
Senator “Howdy Doody” Nelson is a total LIEberal noxious, venomous asshole! And, all of the members of his Democrat tribe are, as well!
All the more reason to NEVER VOTE FOR A DEMOCRAT!
The 4473 only registers point of retail sale. There is currently no requirement to report private resale of a weapon purchased where a 4473 had been filled out.
Yes, gungrabbers want 4473’s on all sales retail or private. But legally it still doesn’t state for record where a particular gun is kept because it simply is not a registration document. If confiscation squads (California) start knocking on doors using 4473’s then all bets are off because the whole system has gone rogue.
A phone call asking if one is in possession of a particular firearm will only be answered with “No, I sold it”.
IMHO the law is not likely to change. Guns kill at the polls.