Bulk Ammo Ban Just Announced (S. 3223: AMMO Act) - Top Off While You Can

Senate Bill S3223 introduced: Seeks to ban "bulk ammo" sales and make ammunition subject to background checks at national level.
Senate Bill S3223 recently introduced to the Senate Judiciary Committee seeking to ban sales of "bulk ammunition" and subject ALL ammunition sales to federal background checks and recordkeeping by FFLs. This is a new bill and had just been brought to light by 2A legal sphere watchers.
At the current time, New York State is the only state which requires state LE background checks to be performed. This bill aims to do the same but on the nationwide level.
Leftist Communistic US Senators Elizabeth Warren and Richard Blumenthal have introduced Senate Bill S.3223.
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
It also comes with all kinds of stipulations, including:
Background Checks on ammunition buyers, and;
Federal Firearm License (FFL) record retention of all ammo sales for a minimum of two years.
The full test of the Bill is on this US Government Website
https://www.govtrack.us/congress/bills/118/s3223/text