Regulates pistol converters and convertible pistols

This bill makes it illegal for most people to own, sell, or transport pistol converters and semi-automatic pistols that can be turned into machine guns. It defines these items as devices that allow a standard pistol to fire multiple rounds automatically with a single trigger pull. The law imposes felony penalties on anyone who manufactures or sells these weapons, while creating specific exceptions for licensed gun dealers, police officers, military personnel, and government contractors.