I've been reloading for about 40 years, I think I will have to give hand-loading lessons. You can buy bullets by the 1000 or 10,000, and powder by the keg. Is there an acceptable way to say "kiss my @$$."
I haven't read the text of this bill but if it passes and is signed by Arnold, no manufacturer of bullets or brass will be able to legally sell their unmarked products in California. Just like the currrent ban on so-called hicap magazines. While the latter are freely available in all but a few states, they cannot be imported or sold on the legal retail market in the states which ban them. This is a real can of worms; if passed I think its a good bet that Arnold will veto. And it is a good bet this bill will be amended to exempt law enforcement.
Aas long as there are lead wheel weights, there will be "unregistered" bullets.