1. Short title This Act may be cited as the Keeping Gun Dealers Honest Act of 2018 . 2. Increasing the number of allowed compliance inspections of firearms dealers Section 923(g)(1)(B)(ii)(I) of title 18, United States Code, is amended by striking once and inserting 3 times . 3. Increasing penalties on firearms licensees Section 924(a)(3) of title 18, United States Code, is amended by striking one year and inserting 5 years . 4. Serious recordkeeping offenses that aid gun trafficking Section 924(a)(3) of title 18, United States Code, is amended by striking the period and inserting