Default Proceed Sale Transparency Act

This bill requires federally licensed firearm dealers to report transfers that occur before background checks complete (within 24 hours to the FBI). It mandates the FBI to create an online portal/hotline for reporting, prioritize these checks, and prevent record destruction until checks finish. Annual public reports will detail default transfer numbers, recovery rates, and violations by state. The bill directly affects dealers, the FBI, and ATF, focusing on transparency around firearm transfers that bypass background checks. It does not change background check rules but improves tracking and disclosure of incomplete transfers.