; and (2) the Committee on the Judiciary of the Senate. (d) Serious violation In this section, the term serious violation means one of the following: (1) Refusing to allow an inspection pursuant to section 923(g). (2) Transferring a firearm in violation of section 922(d). (3) Failing to wait 3 business days before transferring a firearm pursuant to section 922(t)(1). (4) Failing to comply with any other requirement of section 922(t)(1) before transferring a firearm. (5) Falsifying a record required to be maintained pursuant to section 923(g). (6) Failing to respond to a trace request pursuant to section 923(g)(7). (7) Transferring a firearm to another person with the knowledge that the person is making a straw purchase of the firearm in violation of section 932. (8) Failing to submit a report of multiple sales or other dispositions to an unlicensed person pursuant to section 923(g)(3). (9) Failing to report a theft or loss of a firearm pursuant to section 923(g)(6). (10) Failing to maintain an accurate record of the receipt, sale, or other disposition of a firearm pursuant to section 923(g)(2). . (b) Clerical amendment The table of contents for such chapter is amended by inserting after the item relating to section 925D the following: 925E. Annual report to Congress on license inspections. . 3. GAO study and report on the effectiveness of the Bureau of Alcohol, Tobacco, Firearms, and Explosives to investigate Federal firearm licenses (a) Study The Comptroller General of the United States shall conduct a study on the operations and procedures used to issue and revoke licenses under section 923 of title 18, United States Code, and to investigate and inspect holders of such licenses, that focuses on— (1) whether systemic failures in the issuance and revocation of the licenses have resulted in ineffective enforcement of chapter 44 of such title