1995

Kahr Arms was founded and debuted their ultra-compact 9mm pistol, the K-9. In the years that followed, all manufacturers of semiautomatic pistols followed suit.
Tasmania, where full auto was still legal, had the second lowest rate of homicides per capita.
Shooters Party founder John Tingle is elected as a member of the upper house of New South Wales parliament, the Legislative Council. He held the seat until his retirement in late 2006.
Marion P. Hammer became the first female president of the NRA
The Canadian Department of Justice reported to Parliament that the long gun registry would cost $119 million to implement and make $117 million from licensing fees, giving a net cost of $2 million. It ended up costing over $2 billion.
TACM III, Inc. began manufacturing tactical flashlights using the world's first magazine mount system.
The despised Bill C-68: An Act Respecting Firearms and Other Weapons received assent and became law in Canada; the act mandated both universal licensing and the $2 billion long gun registry.
A survey in the UK showed that there were fewer than 50 active punt guns still in use. Just what the hell they were getting used for, the survey didn't say. Tyrannosaurus population control, maybe?

February

February 14 — Bill C-68 is introduced to the Canadian House of Commons.
February 17 — Colin Ferguson is convicted of six counts of murder for the December 1993 Long Island Rail Road shootings and later receives a 25-year sentence for each of the six murders.

April 26 — United States v. Lopez set limits on Congress' power under the Commerce Clause.

November 1 — Savage Arms declares this to be the "cutoff" date for support, saying, "our current judicial system allows frivolous lawsuits, as evidenced by the number of state and city suits filed against the firearms industry. If the new Savage company serviced products made before November 1, 1995 (prior to serial #F498821), we could be considered responsible for the prior owners liabilities, real or imagined."

December 1 — The M240B was selected to be the US Army’s new medium machine gun, replacing the aging M60 machine gun (it defeated the M60E4 during trials).
December 5 — Senate approval and Royal Assent are granted to Bill C-68, marking the beginning of a period of abuse of Canadian gun owners that would take years to correct.