SENATE'S GUN CONTROL READING * LIVE

[XC700116]

Nope. There is no grandfathering language. What it says is that even though items are in a trust you still need a BCG to transfer them between members of the trust.

SHALL BE INTERPRETED TO REQUIRE A BACKGROUND
22 CHECK OF EACH MEMBER, PARTNER, OFFICER, OR OTHER PERSON WHO
23 HOLDS A BENEFICIAL INTEREST IN THE CORPORATION, ASSOCIATION,
24 PARTNERSHIP, OR LIMITED LIABILITY COMPANY OR TRUST.

Now of course that is what the law says. It is up to you if you want to comply.

Put the lines 17-21 in front of that, it's on acquisition/transfer, not previously held. IE Trust/Trustees already own it, same as private party. For instance, you nor I have to go out and get BGC's for every gun we already own. So as long as it's already owned by the trust/trustees, it's not applicable. BUT every new addition is.