Firearm Risk Protection Act of 2021
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.
To prohibit the sale of a firearm to, and the purchase of a firearm by, 
    a person who is not covered by appropriate liability insurance 
                               coverage.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Firearm Risk Protection Act of 
2021''.

SEC. 2. PROHIBITIONS ON SALE OF FIREARM TO, AND PURCHASE OF FIREARM BY, 
              A PERSON NOT COVERED BY APPROPRIATE LIABILITY INSURANCE.

    (a) Prohibitions.--Section 922 of title 18, United States Code, is 
amended by adding at the end the following:
    ``(aa)(1)(A)(i) It shall be unlawful for a person to purchase a 
firearm unless, at the time of the purchase, the purchaser presents to 
the seller proof that the purchaser is covered by a qualified liability 
insurance policy.
    ``(ii) It shall be unlawful for a person to sell a firearm unless, 
at the time of the sale, the seller verifies that the purchaser is 
covered by a qualified liability insurance policy.
    ``(iii) It shall be unlawful for a person who owns a firearm 
purchased on or after the effective date of this subsection not to be 
covered by a qualified liability insurance policy.
    ``(B) Subparagraph (A) shall not apply to the purchase or sale of a 
firearm for the use of the United States or any department or agency of 
the United States, or any State or any department, agency, or political 
subdivision of a State.
    ``(2) In paragraph (1), the term `qualified liability insurance 
policy' means, with respect to the purchaser of a firearm, a policy 
that--
            ``(A) provides liability insurance covering the purchaser 
        specifically for losses resulting from use of the firearm while 
        it is owned by the purchaser; and
            ``(B) is issued by an insurer licensed or authorized to 
        provide the coverage by the State insurance regulatory 
        authority for the State in which the purchaser resides.''.
    (b) Penalty.--Section 924 of such title is amended by adding at the 
end the following:
    ``(q) Whoever violates section 922(aa) shall be fined not more than 
$10,000.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to conduct engaged in after the 180-day period that begins with 
the date of the enactment of this Act.
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Firearm Risk Protection Act of 2021
To prohibit the sale of a firearm to, and the purchase of a firearm by, a person who is not covered by appropriate liability insurance coverage.
Firearm Risk Protection Act of 2021
Rep. Maloney, Carolyn B.