Under new legislation proposed in Delaware’s General Assembly and supported by Delaware Governor Jack Markell, individuals who fail to notify police of a stolen or missing gun would face a fine of up to $500 for a first offense and could lose their right to own a gun as a second offense.

The bill was unveiled Wednesday by Markell, Lieutenant Governor Matt Denn and Attorney General Beau Biden at the Delaware State Police building in Newark, Del. A collection of the top police chiefs in Delaware attended the event to support the legislation.