Requires the Director of the National Institute of Justice to conduct a study of the state of the technology involved in personalizing firearms, determine whether such technology will be commercially feasible within five years after this Act's enactment date, and report to Congress. Sets forth factors to be considered in determining commercial feasibility.
Directs the Attorney General, acting through the Director, to make grants to applicants that submit an application that meets specified requirements for the purpose of reducing violence caused by firearms through the development and improvement of personalized handgun technology. Limits the period of a grant to two years.