; or (ii) after the 30-day period that begins with the applicable date referred to in clause (i), transfer to a person licensed under this chapter a firearm that was a business inventory firearm of the person as of the applicable date. (B) Reversed determinations Subparagraph (A) shall not apply with respect to a license revocation or denial determination that is reversed. (3) Transfer of former business inventory firearm out of personal collection It shall be unlawful for any person who has transferred a business inventory firearm into a personal collection of the person, to transfer the firearm within 1 year after the transfer of the business inventory firearm. . (b) Business inventory firearm defined Section 921(a) of such title is amended by adding at the end the following: (38) The term business inventory firearm means, with respect to a person, a firearm required by law to be recorded in the acquisition and disposition logs of any firearms business of the person. . (c) Conforming amendment Section 923(c) of such title is amended in the second sentence by inserting section 922(aa) and to after subject only to . (d) Penalties Section 924(a) of such title is amended by adding at the end the following: (9) Whoever knowingly violates section 922(aa) shall be fined under this title, imprisoned not more than 1 year (or, if the violation was willful, 5 years), or both. . (e) Requirement that license revocation or application denial notice include text of law prohibiting dealing in firearms without a Federal firearms license and restricting transfer of business inventory firearms Section 923(f)(1) of such title is amended by inserting after the first sentence the following: A written notice described in the preceding sentence shall set forth the provisions of Federal statutes and regulations that prohibit a person not licensed under this chapter from engaging in the business of dealing in firearms or that are relevant in determining whether a person is doing so, and the provisions of section 922(aa). .