Roughly four months after the Newtown shooting, Connecticut lawmakers reached a deal to enact some of the strictest gun-control laws in the nation. Via Fox News:

Connecticut lawmakers announced a deal Monday which would include a ban on new high-capacity ammunition magazines like the ones used in the massacre that left 20 children and six educators dead. The proposal includes new registration requirements for existing magazines that carry 10 or more bullets.

The package also creates what lawmakers said is the nation’s first statewide dangerous weapon offender registry, creates a new “ammunition eligibility certificate,” imposes immediate universal background checks for all firearms sales, and extends the state’s assault weapons ban to 100 new types of firearms and requires that a weapon have only one of several features in order to be banned.

The newly banned weapons could no longer be bought or sold in Connecticut, and those legally owned already would have to be registered with the state, just like the high-capacity magazines.

The bill is expected to pass in both chambers of the General Assembly on Wednesday, and Gov. Dan Malloy, who has been pushing for stricter gun laws in the state, will likely sign it into law.

The passage of strict, new gun laws will most certainly affect the six gun manufacturers in the state, which, in turn,  could have economic repercussions for Connecticut. The firearms industry contributes $1.7 billion annually to the state’s economy.

Colt’s Manufacturing, for example, has already discussed the possibility of moving out of state. “At some point, if you can’t sell your products…then you can’t run your business,” CEO Dennis Veilleux told “You need customers to buy your products to stay in business.” Colorado-based Magpul industries announced their decision to move out of state after Colorado passed new gun-control bills.