1. 3 -day waiting period required before receipt of a handgun, with exceptions (a) Transfers between persons who are not firearms licensees Section 922 of title 18, United States Code, is amended by adding at the end the following: (aa) (1) Except as provided in paragraph (2), it shall be unlawful for a person not licensed under this chapter, in or affecting interstate or foreign commerce, to receive a handgun purchased or borrowed from another person not licensed under this chapter unless at least 3 days have elapsed since the recipient most recently offered to so purchase or borrow the handgun. (2) Paragraph (1) shall not apply with respect to a handgun loan that meets the conditions of subsection (t)(7). . (b) Transfers by firearms licensees to non-licensees Section 922(t) of such title is amended— (1) in paragraph (1), by striking subparagraph (B) and inserting the following: (B) (i) in the case of a transfer that is not the purchase of a handgun, or is a handgun loan that meets the conditions of paragraph (7)— (I) the system provides the licensee with a unique identification number; or (II) 3 business days (meaning a day on which State offices are open) have elapsed since the licensee contacted the system, and the system has not notified the licensee that the receipt of a firearm by such other person would violate subsection (g) or (n) of this section; and (ii) in the case of a transfer that is the purchase of a handgun, or is a handgun loan that does not meet the conditions of paragraph (7), 3 business days (meaning a day on which State offices are open) have elapsed since the licensee contacted the system, and the system has not notified the licensee that the receipt of a firearm by such other person would violate subsection (g) or (n) of this section; and