Here is a little bit more of this bill. I have bolded certain words for better understanding.
(a) RESTRICTION- Section 922 of title 18, United States Code, is amended by adding after subsection (u) the following:
‘(v)(1) It shall be unlawful for a person to manufacture, transfer, or possess a semiautomatic assault weapon.
‘(2) Paragraph (1) shall not apply to the possession or transfer of any semiautomatic assault weapon otherwise lawfully possessed under Federal law on the date of the enactment of this subsection.
‘(3) Paragraph (1) shall not apply to--
‘(A) any of the firearms, or replicas or duplicates of the firearms, specified in appendix A to this section, as such firearms were manufactured on October 1, 1993;
‘(B) any firearm that--
‘(i) is manually operated by bolt, pump, lever, or slide action;
‘(ii) has been rendered permanently inoperable; or
‘(iii) is an antique firearm;
‘(C) any semiautomatic rifle that cannot accept a detachable magazine that holds more than 5 rounds of ammunition; or
‘(D) any semiautomatic shotgun that cannot hold more than 5 rounds of ammunition in a fixed or detachable magazine.
The fact that a firearm is not listed in appendix A shall not be construed to mean that paragraph (1) applies to such firearm. No firearm exempted by this subsection may be deleted from appendix A so long as this subsection is in effect.
The first part bolded is "paragraph (1)". Please note that this entire section deals with weapons that are exempt from this bill, including those listed in appendix A.
The last part even assures us that even if the firearm is not on the appendix A list, it may still be exempt from this bill if it meets the criteria.
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