Establishes 180 day prohibition on purchase of handgun for certain individuals who fail to report loss or theft of firearm.

This bill (A 3536) would bar individuals who fail to report a lost or stolen handgun from purchasing a new handgun for 180 days. It directly affects gun owners who do not report a lost or stolen firearm to authorities within the required timeframe. The key mechanism requires prompt reporting of lost or stolen handguns; failure to do so triggers an automatic 180-day purchase prohibition under New Jersey's existing handgun permit rules. This change aims to enhance accountability for firearm loss while maintaining existing permit eligibility standards.