A recent report found that U.S. gun dealers lost more than 62,000 guns in the past three years; roughly fifty-six guns go missing each day; a gun is "lost" when it leaves a store without a background check or a formal record of sale; the number of missing guns is estimated to be significantly higher as the ATF only inspects about 20 percent of gun shops each year; these guns are highly coveted by criminals as they are virtually untraceable; each year on average, there are roughly 600 ATF inspectors who oversee the 60,000 gun shops across the United States, inspecting each shop on average once every eight years