This bill, titled the "Blair Holt Firearm Owner Licensing and Record of Sale Act of 2026," seeks to implement a comprehensive federal system for licensing individuals who purchase or possess certain firearms and to establish a national record of sale system for these weapons. The legislation defines "qualifying firearms" as handguns and semi-automatic rifles capable of accepting a detachable ammunition feeding device with a capacity of more than 10 rounds, excluding antique firearms. Its primary purposes include protecting the public from injury and death associated with unrecorded firearm transfers, ensuring safe firearm use and storage, restricting access for criminals and prohibited persons, and aiding law enforcement in tracing firearms used in crimes. Under Title I, individuals are required to obtain a federal firearm owner license or a certified state equivalent to possess a qualifying firearm. Applicants must be at least 21 years old (with exceptions for minors with parental consent and no misdemeanor convictions), undergo a fingerprint-based background check, and certify they are not prohibited from owning firearms due to criminal history, mental health, or protective orders. Licenses are issued for five years, and the Attorney General is responsible for their issuance, renewal, and revocation, with provisions for appeal and relief from denial. Title II establishes a record of sale system, requiring licensed dealers to verify a transferee's valid firearm owner license and report sales of qualifying firearms to the Attorney General. This information will be maintained in a Federal record of sale system, and the bill explicitly eliminates the prior prohibition on establishing a system of registration. This aims to create a centralized database for tracking qualifying firearm transactions. Title III introduces additional prohibitions, making it unlawful for unlicensed persons to transfer firearms to other unlicensed persons without going through a licensed dealer, with specific exceptions for family members and temporary transfers under certain conditions. It also mandates reporting the loss or theft of a qualifying firearm to the Attorney General within 72 hours and requires licensees to report changes of address within 60 days. Furthermore, the bill includes child access prevention provisions, making it unlawful to keep loaded firearms or firearms with ammunition accessible to children if the owner knows or recklessly disregards the risk of harm or unlawful possession by a child, unless the firearm is secured. Title IV outlines criminal penalties for violations of the licensing, record-keeping, transfer, reporting, and child access prevention requirements, with potential fines and imprisonment. The Attorney General is granted authority to issue regulations, conduct inspections, issue orders prohibiting illegal firearm sales, and pursue injunctive enforcement. Title VI clarifies that the Act does not preempt stricter state laws and allows for the certification of state firearm licensing and record of sale systems that meet federal requirements, ensuring that states can maintain or enact more comprehensive regulations.