The Salt Lake City Weekly has an blog of interest to those of you concerned with such a scenario:
According to provisions of Madsen’s S.B 157, every man, woman and child will be able to carry a gun on the streets during a “declared state of emergency.” No policeman, mayor, or city council could confiscate a gun, or, in fact, do anything to stop gun owners from “the lawful possession, transfer, sale, transport, storage, display or use of a firearm or ammunition.” Utah’s governor would be specifically barred from interfering with guns. And anyone who had their weapon confiscated could sue.
Ok, they had me until that last sentence. Seriously, if someone takes away your gun during a state of emergency, you get the right to sue? I'm for something a little more meaningful, like the right to shoot them as they try to take it away.
But, still - although the description given makes me wary (kids? really?), one of my main reasons for being against most gun restrictions is that if it ever comes down to it, it's downright American to take up arms in defense of yourself and your country. Even if it's your president, or in the case of our ancestors, your royalty, that you are defending yourself against.
Cold. Dead. Fingers.