Should the Gun Control Act of 1968 be repealed? This law: Signed by President Lyndon B. Johnson, the Gun Control Act of 1968, or Public Law 90-618, soon became known as Title I, repealing the Federal Firearms Act of 1938 and relegating the National Firearms Act of 1934 to Title II. Its stated purpose was “to provide support to Federal, State, and local law enforcement officials in their fight against crime and violence.” To that end, it: - Mandated licensing for all importers, manufacturers and dealers of firearms and ammunition involved in interstate or foreign arms commerce, and set license fees for “destructive devices” at $1,000 a year. - Prohibited using falsified information to acquire a firearm. - Set the general purchase age for handguns and handgun ammunition at 21. - Prohibited dealers and manufacturers from selling firearms to indicted or convicted individuals, fugitives from justice, drug addicts and mentally incompetent individuals. - Required registration of all firearms with the National Firearms Registration and Transfer Record. - Prohibited the possession of firearms on which the serial number has been altered, obliterated or removed. - Controlled containers, markings and chains of custody for shipped firearms, eliminating mail order delivery to unlicensed individuals.