Dangerous Martial Arts Weapons Act of 1986 - Amends the Federal criminal code to prohibit the mailing of martial arts weapons in interstate or foreign commerce. Imposes criminal penalties for violations of this Act. Allows a State to pass laws providing for the exemption of such State from the provisions of this Act.
States that this Act shall not apply to common carriers and specified governmental entities.
Exempts knives, swords, and ceremonial or collector weapons that are otherwise mailable under such Act.