1. Short title; table of contents (a) Short title This Act may be cited as the Gun Theft Prevention Act . (b) Table of contents The table of contents of this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Gun shop security measures. Sec. 3. Repeal of prohibition on use of funds to implement rule requiring physical inventory by Federal firearms licensees. Sec. 4. Inspections. Sec. 5. Employee background checks. Sec. 6. Gun store thefts. Sec. 7. Civil enforcement. Sec. 8. No effect on State laws governing dealing in firearms. Sec. 9. Repeal of prohibition on denial of Federal firearm license due to lack of business activity. Sec. 10. Repeal of limitations relating to use of firearms trace data. Sec. 11. Lost and stolen reporting requirement. Sec. 12. Report on implementation of this Act. Sec. 13. Deadline for issuance of final regulations. 2. Gun shop security measures (a) Regulations (1) In general Section 926 of title 18, United States Code, is amended by adding at the end the following: (d) The Attorney General shall prescribe such regulations as are necessary to ensure that any premises at which a licensed dealer deals in firearms are secure from theft, which shall include requiring— (1) compliance with the security plan submitted by the licensed dealer pursuant to section 923(d)(1)(G); (2) the use of locked metal cabinets and fireproof safes; (3) security systems, video monitoring, and anti-theft alarms; (4) security gates, strong locks, and site hardening; and (5) concrete bollards and other access controls, if necessary. . (2) Transition rule The regulations prescribed under section 926(d)(1) of title 18, United States Code, shall not apply to a person who, on the date of the enactment of this Act, is a licensed dealer (as defined in section 921(a)(11) of such title), until the earlier of— (A) the date the person complies with subsection (b)(2) of this section