; or (III) a locked vault. (3) Paper record storage When the premises covered by the license are not open for business, the licensee shall store each paper record of the business inventory and firearm transactions of, and other dispositions of firearms by, the licensee at the premises in a secure location such as a locked fireproof safe or locked vault. (4) Additional security requirements The Attorney General may, by regulation, prescribe such additional security requirements as the Attorney General determines appropriate with respect to the firearms business conducted by a licensed importer, licensed manufacturer, or licensed dealer, such as requirements relating to the use of— (A) alarm and security camera systems; (B) site hardening; and (C) other measures necessary to reduce the risk of theft at the business premises of a licensee. . (b) Penalties Section 924 of title 18, United States Code, is amended by adding at the end the following: (q) Penalties for noncompliance with firearms licensee security requirements (1) In general (A) Penalty With respect to a violation by a licensee of section 923(m) or a regulation issued under that section, the Attorney General, after notice and opportunity for hearing— (i) in the case of the first violation or related series of violations on the same date, shall subject the licensee to a civil penalty in an amount equal to not less than $1,000 and not more than $10,000; (ii) in the case of the second violation or related series of violations on the same date— (I) shall suspend the license issued to the licensee under this chapter until the licensee cures the violation; and (II) may subject the licensee to a civil penalty in an amount provided in clause (i); or (iii) in the case of the third violation or related series of violations on the same date— (I) shall revoke the license issued to the licensee under this chapter