The California law enforcement and elitists will not be subject to these tyrannical regulations. The common citizen (or should I say peasants) there won't be able to lawfully buy ammunition for their handguns in the future.
Exactly why the firearms industry should write off CA - the LE market in CA isn't enough to justify selling in CA by itself. It's civilian sales that drive the market, there and everywhere. The elitists would be subject to it by default - if there are no firearms available for purchase by them, they won't get any more.
Also, you bear out my point about retreat, reorganize, regroup and take it back later.
There is already a little game like that played in California. California requires purchase of an "approved" gun lock with a firearm. On my last visit to El Cajon Gun Exchange, the employees complained that they had guns purchased by customers, authorized by the background check and past the "waiting time" delivery date, but they could not deliver the merchandise to the customers. Why? There was a shortage of "approved" gun locks. Some customers actually had to pay for another NICS check and wait for the waiting period more than once because of the "problem" getting "approved" gun locks.
This game could be played again by making "approved" ammo with the markings a very limited supply item. Ammo prices will become exorbitant with the limited supply and higher cost to manufacture. If they play the confiscation card, California gun owners will be essentially disarmed.
Read through the 12000 series of California laws. These are the weapons laws. In nearly every case there is an exemption for law enforcement. Calfornia doesn't believe in the principles of equal protection for all citizens. Law enforcement is always superior to ordinary humans in California law.
Section 1. All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.
California ignores this element of the 14th Amendment.
The bill makes no exception for law enforcement, so all of the law enforcement agencies are against it. It's possible Arnold will veto it. If that happens, then I would look for the state senate to pass another version next year with an exemption for LE.