What restrictions should the government be allowed to place on the ownership of firearms?

You are to argue the validity and usefulness of the Second Amendment in today’s society. What restrictions should the government be allowed to place on the ownership of firearms?

Notes: In 2010, in the case of McDonald v Chicago, the U. S. Supreme Court held (5 to 4) that the 2nd Amendment right has been incorporated through the 14th Amendment's Due Process Clause and is fully enforceable against the states. The Court, in an opinion written by Justice Alito, proceeded to strike down Chicago's gun regulation insofar as it prohibited the private possession in the home of handguns for self-defense.
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