Well it begins

[tsubaki]

In most EVERY instance this bill applies to every gun owner.
First, ANY pistol.
Then ANY detachable magazine. This includes squirrel hunting rimfires to turkey shotguns to elephant killing firearms.
The term "antique" doesn't apply to stuff over 20 years old, like automobiles. Problematically "antique" will refer to reproductions of firearms made in the 1800's or newer, made this year (2009) that are capable of the same rounds per minute of "modern" firearms. And lets not get into antique pistols, "it's an antique" but "it's a pistol".
Machine guns are (have been since the 1930's) already regulated out of the general populations availability.
Read the bill, it sounds great to someone with no idea of the design of the Constitution. This bill would require you to be qualified to be licensed to own a firearm (in actually 2 of the 4 types ever developed) which currently is guaranteed in the second amendment.
You MUST be disqualified for possession of a firearm NOT qualified. Meaning by today's standards, underage, mentally incompetent or a criminal.