(d)(1) Any application submitted under subsection (a) or (b) of this 
section shall be approved if––
        (A) the applicant is twenty-one years of age or over;
        (B) the applicant (including, in the case of a corporation, 
    partnership, or association, any individual possessing, directly or 
    indirectly, the power to direct or cause the direction of the 
    management and policies of the corporation, partnership, or 
    association) is not prohibited from transporting, shipping, or 
    receiving firearms or ammunition in interstate or foreign commerce 
    under section 922(g) and (n) of this chapter;
        (C) the applicant has not willfully violated any of the 
    provisions of this chapter or regulations issued thereunder;
        (D) the applicant has not willfully failed to disclose any 
    material information required, or has not made any false statement 
    as to any material fact, in connection with his application;
        (E) the applicant has in a State (i) premises from which he 
    conducts business subject to license under this chapter or from 
    which he intends to conduct such business within a reasonable period 
    of time, or (ii) in the case of a collector, premises from which he 
    conducts his collecting subject to license under this chapter or 
    from which he intends to conduct such collecting within a reasonable 
    period of time;
        (F) the applicant certifies that––
            (i) the business to be conducted under the license is not 
        prohibited by State or local law in the place where the licensed 
        premise is located;
            (ii)(I) within 30 days after the application is approved the 
        business will comply with the requirements of State and local 
        law applicable to the conduct of the business; and
            (II) the business will not be conducted under the license 
        until the requirements of State and local law applicable to the 
        business have been met; and
            (iii) that the applicant has sent or delivered a form to be 
        prescribed by the Attorney General, to the chief law enforcement 
        officer of the locality in which the premises are located, which 
        indicates that the applicant intends to apply for a Federal 
        firearms license; and

        (G) in the case of an application to be licensed as a dealer, 
    the applicant certifies that secure gun storage or safety devices 
    will be available at any place in which firearms are sold under the 
    license to persons who are not licensees (subject to the exception 
    that in any case in which a secure gun storage or safety device is 
    temporarily unavailable because of theft, casualty loss, consumer 
    sales, backorders from a manufacturer, or any other similar reason 
    beyond the control of the licensee, the dealer shall not be 
    considered to be in violation of the requirement under this 
    subparagraph to make available such a device).

    (2) The Attorney General must approve or deny an application for a 
license within the 60-day period beginning on the date it is received. 
If the Attorney General fails to act within such
period, the applicant may file an action under section 1361 of title 28 
to compel the Attorney General to act. If the Attorney General approves 
an applicant's application, such applicant shall be issued a license 
upon the payment of the prescribed fee.