; and (ii) the pendency of proceedings before a court shall not suspend or interfere with the authority described in clause (i); (P) a firearms dealer licensee that has a license revoked under subparagraph (O) may not receive a firearms dealer license during the 1-year period beginning on the date on which the revoked license would have expired; (Q) the State shall promulgate rules and regulations to ensure the prompt collection, exchange, dissemination, and distribution of information pertaining to the issuance, renewal, expiration, suspension, and revocation of licenses; (R) the State shall establish standards that are consistent with Federal and State law— (i) governing firearm transfers; and (ii) for identifying prohibited individuals, in accordance with section 3041(b); (S) firearms dealers and private sellers shall verify the validity of a license before the sale, rental, or lease of any firearm or ammunition; (T) firearms dealers and private sellers shall report all firearm sales, rentals, and leases to State authorities; (U) firearms dealers shall notify the licensing authority when presented with an invalid or expired license; (V) any licensee from whom a firearm is lost or stolen shall report such loss or theft to the licensing authority and State authority; (W) all firearms licensees and firearms dealer licensees shall renew their licenses on a timeframe established by the State; (X) an individual may not use the firearms license of the individual to purchase a firearm for— (i) the unlawful use of the firearm by another; or (ii) the resale or other transfer of the firearm to an unlicensed individual; and (Y) (i) it shall be unlawful to store or keep any firearm in any place unless such weapon is secured in a locked container or equipped with a tamper-resistant mechanical lock or other safety device, properly engaged so as to render such weapon inoperable by any person other than the owner or other lawfully authorized user