Bulk Ammo Ban Just Announced (S. 3223: AMMO Act)

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Full text of bill here:
https://www.govtrack.us/congress/bills/118/s3223/text
Excerpt:
Restriction on bulk ammunition sales:
In general, it shall be unlawful for any person licensed under this chapter to transfer to a person not so licensed, during any 5-day period:
– More than 100 rounds of .50 caliber ammunition OR
– More than 1,000 rounds of any other caliber of ammunition

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It also comes with all kinds of stipulations, including background checks and FFL record retention of all ammo sales for a minimum of two years.

h/t Scios