“… Under the plan endorsed by Schumer and Bloomberg, states and federal authorities would be required to increase the percentage of denied gun permit applicants to the national gun database. The penalty for not reporting would be a loss of federal funding for crime prevention …”
However, the Wall Street Journal tells a different story:
“U.S. Sen. Charles Schumer said Wednesday he will propose legislation requiring all gun buyers to undergo a background check and broadly increasing penalties against states that don’t contribute names to the national background-check system …”
My guess is that his bill will prohibit all private firearms transaction and he’s trying to bury it with the other stuff to make it seem more innocuous.