Regulation of firearms. Repeals the law that requires a person to obtain a license to carry a handgun in Indiana. Specifies that a person who may otherwise legally carry a handgun is not required to obtain or possess a license or permit from the state to carry a handgun in Indiana. Makes conforming amendments. Allows a resident of Indiana who wishes to carry a firearm in another state under a reciprocity agreement entered into by Indiana and the other state to obtain an Indiana firearms reciprocity license from the superintendent of the state police department.