To amend title 18, United States Code, to require the reporting of information to the chief law enforcement officer of the buyer's residence and a minimum 72-hour waiting period before the purchase of a handgun.

Brady Waiting Period Extension Act of 1998 - Amends the Brady Handgun Violence Prevention Act to provide for the establishment of a minimum 72-hour handgun purchase waiting period, unless: (1) a prospective purchaser presents a written statement from the chief law enforcement officer of his or her place of residence during a specified ten-day period, stating that access to a handgun is...