Get mad: Obama's EO closes "loophole" in registering firearms to trusts, bans import of some guns

[th3w01f]

I'm confused about when this takes effect. Is anything actually being done at the moment or will there be discussions around it?

I found this on whitehouse.gov.

"Today, ATF is issuing a new proposed regulation to close this loophole. The proposed rule requires individuals associated with trusts or corporations that acquire these types of weapons to undergo background checks, just as these individuals would if the weapons were registered to them individually. By closing this loophole, the regulation will ensure that machine guns and other particularly dangerous weapons do not end up in the wrong hands."

The other one is pretty clear.

"Today, the Administration is announcing a new policy of denying requests to bring military-grade firearms back into the United States to private entities, with only a few exceptions such as for museums. This new policy will help keep military-grade firearms off our streets. "

Edit: Found this - http://www.reginfo.gov/public/do/eAg...&RIN=1140-AA43 I think this is part of what asmo was talking about.

[zteknik]

Starting to look more and more like it each time he opens his mouth....

[Mr Spooky]

Once more for me please, I am a little slow sometimes. I got a trust through NFA Guy and my suppressor finally arrived at the class 3 dealer from Liberty. Still have to send in the form 4 and the check. Are these EO's now in effect or will be by time they get around to approving my stamp and I am screwed?

[asmo]

Once more for me please, I am a little slow sometimes. I got a trust through NFA Guy and my suppressor finally arrived at the class 3 dealer from Liberty. Still have to send in the form 4 and the check. Are these EO's now in effect or will be by time they get around to approving my stamp and I am screwed?

No.. there is still a while before anything is made into policy.. Minimum of 90 days.

[Mr Spooky]

No.. there is still a while before anything is made into policy.. Minimum of 90 days.

Sorry for the barage of questions but I finally saved up enough $ to do this NFA stuff and now this. So is there a chance that nothing will come of this or is it "for sure" and just awaiting the final writing? Will my form 4 get rejected since the wait time for a stamp is almost a year and this will be made into policy by then?
Thanks for all the help,
Mike

[Great-Kazoo]

Sorry for the barage of questions but I finally saved up enough $ to do this NFA stuff and now this. So is there a chance that nothing will come of this or is it "for sure" and just awaiting the final writing? Will my form 4 get rejected since the wait time for a stamp is almost a year and this will be made into policy by then?
Thanks for all the help,
Mike

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[us1911]

Last I checked, I got background checks every time I took possession of my NFA trust items.

They want a background check on every trustee and beneficiary every time property is added to the trust or a new trustee/beneficiary is added -- just like the new CO law.

[ChrisC]

The fingerprints/BCG for Trust members has been an ongoing discussion between the ATF and the American Silencer Association, and it was first getting press coverage last year (we had a thread on it before the crash).

The tit-for-tat is that in exchange for not requiring LEO sign-off for NFA toys, that trust/corp members would be subject to background checks. The rationale was that people were making trusts/corps to get around LEO sign-off -- so take away the LEO sign-off requirement and there is 'no reason' to have a Trust anymore.

Hit the nail on the head. The board members at the American Silencer Association have been discussing this with the BATFE for quite some time and they believed it would hit at some point this year. From everything they have told me it does not change anything for any transfers or making forms in process before the regulation goes into effect. The BATFE will have to issue new forms which in itself takes a good deal of time. This is coming but I expect it is down the road a little ways.

[ChrisC]

They want a background check on every trustee and beneficiary every time property is added to the trust or a new trustee/beneficiary is added -- just like the new CO law.

I am not sure they have laid that part out yet. If they handle it like an FFL application and have you designate responsible persons which is what the proposed rules says then they may have you background check each responsible person for the first item but not subsequent items unless there is a change in responsible persons but like I said they have not really laid that out yet that I know of.

[tmckay2]

heres the thing, i wouldn't use the "loophole" if the damned police chiefs would freaking sign off on me having an sbr and suppressor. in fact, id prefer to have it in my name. gives me some flexibility. but most won't even consider it or discuss it. as such, loopholes are created. force the chief to sign off if i pass a background check and i will happily do it that way.