COOL OFF Act

The COOL OFF Act would create a nationwide federal 3-business-day waiting period before a handgun can be received, with several exceptions. Specifically, it adds a new waiting period to transfers of handguns either between private individuals (non-licensees) or when a licensed firearms dealer transfers a handgun to a non-licensee, unless the transfer falls under listed exemptions. The law would apply to transfers that affect interstate or foreign commerce and would be enforceable under existing penalties, with an effective date 90 days after enactment. In short, the bill is intended to slow down handgun purchases to encourage reflection and reduce impulsive gun acquisitions, while preserving several specified exceptions.