From Senator Cory Booker:

Specifically, the legislation would require:

• An individual to completed firearm safety training, which must include a written test and hands-on training to ensure safe use and accuracy.
• Attorney General to conduct a history background check of any individual purchasing a firearm.

The federal firearm license must be renewed every five years at which point the applicant will have to go through a background check and undergo firearm safety training again. The bill contains a mechanism for the U.S. Department of Justice to revoke a license if an individual poses a danger to themselves or to others. The legislation would require the Federal Bureau of Investigation to regularly conduct checks to ensure that individuals are in compliance with federal license requirements and keep in place requirements that all people purchasing firearms from a federal firearms licensee undergo a background check.

Full Bill Text