Federal Law Enforcement Officer Service Weapon Purchase Act
What changed between versions
The bill was expanded from allowing purchase of retired handguns only to allowing purchase of all retired firearms, subject to an exclusion for certain machineguns not lawfully possessed before 1986.
The definition of Federal law enforcement officer now explicitly includes retired officers, and the good standing requirement was changed from 'employs' to 'employs or employed,' enabling former officers to participate in the program.
The purchase price was changed from fair market value to salvage value, which is typically significantly lower. A new definition of salvage value was added, describing it as the value of an asset after it has become useless to the owner or the amount expected when a fixed asset is disposed of at the end of its useful life.
A new definition of 'salvage value' was added as subsection (d)(4).
The term 'firearm' was defined with an explicit exclusion for machineguns not lawfully possessed before the relevant statutory provision took effect.