In summary (from reddit post):
Full registration and database
Database information is open to anyone including all members of the public. You’re basically a sex offender.
Age 21+ to posses firearms
General license requiring psych eval and 24hrs training. Good for 3 years. 8hr training to renew
Military style gun license requiring another psych eval and another 24hrs training. Good for 2 years.
Required insurance at $800 a year
Cant loan or give guns or ammo without notifying the Attorney General
Bans 50 cal and larger ammunition
Bans mag capacity of 11 or more (except rimfire tubes)
Oh so infallible police exempt from said bans.
MASSIVE (and I mean MASSIVE) fines and prison time for violation ($30-50k and or 15 years federal imprisonment)
www.congress.gov/bill/117th-congress/house-bill/127/text?r=19&s=1
h/t Everyone And No One