; (ii) while reasonably necessary for the purposes of hunting, trapping, or fishing, if the transferor— (I) has no reason to believe that the transferee intends to use the firearm in a place where it is illegal; and (II) has reason to believe that the transferee will comply with all licensing and permit requirements for such hunting, trapping, or fishing; or (iii) while in the presence of the transferor. . (b) Technical and conforming amendments (1) Section 922 Section 922(y)(2) of title 18, United States Code, is amended, in the matter preceding subparagraph (A), by striking , (g)(5)(B), and (s)(3)(B)(v)(II) and inserting and (g)(5)(B) . (2) Section 925a Section 925A of title 18, United States Code, is amended, in the matter preceding paragraph (1), by striking subsection (s) or (t) of section 922 and inserting section 922(s) . 202. Completion of background checks; 7-day waiting period Section 922(s)(1)(C) of title 18, United States Code, as amended by section 201 of this Act, is amended— (1) in clause (i), by striking ; or and inserting ; and ; and (2) in clause (ii)— (A) by striking 3 business and inserting not less than 7 business