; (2) by striking the 3rd sentence; and (3) by adding at the end the following: Any firearm disposed of by a licensee shall be from the business inventory of the licensee. . (b) Licensee firearms inventory Section 923(g) of such title is amended by adding at the end the following: (8) Each licensee shall conduct a quarterly physical check of the firearms inventory of the business of the licensee licensed under this chapter and report any lost, stolen, or unaccounted for firearm to the Attorney General and appropriate local authorities in accordance with regulations which shall be prescribed by the Attorney General and shall require, at a minimum, the recording of the date of receipt of the firearm, the name, address, and license number, if applicable, of the person from whom the firearm was received, the name of the manufacturer and, if applicable, importer of the firearm, the model, serial number, type, and caliber or gauge of the firearm, and the date of the sale or other disposition of the firearm. This chapter shall not be interpreted to prohibit the Attorney General from, at any time, requiring the regular or one-time submission of the inventory records of a licensee to ensure that the licensee is in compliance with this chapter. . (c) Repeal of limitations on imposition of requirement that firearms dealers conduct physical check of firearms inventory (1) The 5th proviso under the heading Bureau of Alcohol, Tobacco, Firearms and Explosives—Salaries and Expenses in title II of division B of the Consolidated and Further Continuing Appropriations Act, 2013 ( 18 U.S.C. 923 note; Public Law 113–6 ; 127 Stat. 248) is amended by striking and any fiscal year thereafter . (2) The matter under the heading Bureau of Alcohol, Tobacco, Firearms and Explosives—Salaries and Expenses in title I of division B of the Consolidated and Further Continuing Appropriations Act, 2012 ( 18 U.S.C. 923 note; Public Law 112–55