Establishes strict liability for firearm sellers who knowingly transfer firearms to prohibited individuals, creating the "gun seller liability act.

The bill creates the "gun seller liability act," imposing strict liability on individuals or entities selling, delivering, or transferring firearms to those prohibited by law. Sellers are liable for damages if they know or should know the buyer is prohibited and the firearm is used to cause injury or death. Firearms dealers must maintain liability insurance with a minimum coverage of $1,000,000.00 for such incidents.

Establishes strict liability for firearm sellers who knowingly transfer firearms to prohibited individuals, creating the "gun seller liability act.

The bill creates the "gun seller liability act," imposing strict liability on individuals or entities selling, delivering, or transferring firearms to those prohibited by law. Sellers are liable for damages if they know or should know the buyer is prohibited and the firearm is used to cause injury or death. Firearms dealers must maintain liability insurance with a minimum coverage of $1,000,000.00 for such incidents.