S. 118: AIM Act of 2023

• limit the use of firearms tracing data;
• prohibit consolidating or centralizing records maintained by federal firearm licensees, or FFLs (e.g., gun dealers);
• prohibit imposing a requirement that gun dealers conduct a physical inventory;
• require national instant criminal background check records to be destroyed within 24 hours;
• limit the disclosure of data under the Freedom of Information Act;
• prohibit the ATF from altering the definition of or denying certain import applications for a curio or relic firearm;
• prohibit the denial of a federal firearms license due to lack of business activity;
• prohibit transferring the ATF's functions, missions, or activities to other agencies or departments;
• prohibit the electronic retrieval of information gathered from firearm transaction records of FFLs that go out of business; and
• prohibit the ATF from denying an application to import certain shotguns.

Additionally, the bill

• raises the liability standard for denying or revoking a federal firearms license from a willful violation to a knowing violation of federal firearms laws or regulations, and
• removes the de novo standard of judicial review for appealing the denial or revocation of a federal firearms license.