This bill is being read wrong and it limits the Governor's powers during emergencies. The underlined portions are the changes, the rest is existing law. This doesn't change firearms law.
You can tell since Elijah Pierick and 2 other repubs are bill sponsors.
Hold on now - this is from the HD1 version, copied directly from the link. The bold is my edit:
“(12) Except as provided in section 134-7.2,
whenever in the governor's opinion, the laws of the State do not adequately provide for the common defense, public health, safety, and welfare, investigate, regulate, or prohibit the storage, transportation, use, possession, maintenance, furnishing, sale, or distribution of, as well as any transaction related to, explosives, firearms, and ammunition, inflammable materials and other objects, implements, substances, businesses, or services of a hazardous or dangerous character, or particularly capable of misuse, or obstructive of or tending to obstruct law enforcement, emergency management, or military operations, including intoxicating liquor and the liquor business; and authorize the seizure and forfeiture of any objects, implements, or substances unlawfully possessed, as provided in this chapter.”
In the Governor’s OPINION?



??
I don’t think it’s being read incorrectly at all.