HR8 requires that loans, gifts, and sales of firearms be processed by a gun store. The same fees, paperwork, and permanent record-keeping apply as to buying a new gun from the store. If you loan a gun to a friend without going to the gun store, the penalty is the same as for knowingly selling a gun to a convicted violent felon. Likewise, when the friend returns the gun, another trip to the gun store is necessary, upon pain of felony.
A clever trick in HR8 effectively bans handguns for persons 18-to20.
The bill has some narrow exemptions. The minuscule exemption for self-defense does not cover stalking victims. None of the exemptions cover farming and ranching, sharing guns on almost all public and private lands, or storing guns with friends while on vacation. The limited exemption for family excludes first cousins and in-laws.
The bill authorizes unlimited fees to be imposed by regulation.