Synopsis As Introduced Creates the Handgun Dealer Licensing Act. Requires a person who engages in the business of selling or transferring concealable firearms to be licensed by the Department of State Police. Establishes qualifications for licenses. Provides that it is a Class 4 felony to engage in the business of selling or transferring concealable firearms without a license. Requires a licensed handgun dealer who sells or transfers a concealable firearm to a person who is not a licensed dealer to report that sale or transfer to the Department of State Police.