General Categories > The NFA Corner
White House eyes 'gun trust' loophole
CitizenClark:
--- Quote from: RobertH on August 22, 2013, 05:37:48 PM ---no criminal will pay the money, pass a background check or wait several months for an approval. complete garbage.
--- End quote ---
Yep, this is just for show. "We're cracking down on guns (that no one ever uses in crimes)!"
Hardwood83:
--- Quote from: bkoenig on August 22, 2013, 04:39:35 PM ---I wonder how this will affect existing trusts.
--- End quote ---
I would expect it to go into effect for new applications starting at some point in the future.
Oh that and FBHO.
David Hineline:
It has been clearly worded in the link I posted and no new surprises were added.
Title: Background Checks for Principal Officers of Corporations, Trusts, and Other Legal Entities With Respect to the Making or Transferring of a National Firearms Act Firearm
Abstract: The Department of Justice is proposing to amend the regulations of the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) regarding the making or transferring of a firearm under the National Firearms Act. The proposed regulations would (1) add a definition for the term "responsible person"; (2) require each responsible person of a corporation, trust or legal entity to complete a specified form, and to submit photographs and fingerprints; (3) require that a copy of all applications to make or transfer a firearm be forwarded to the chief law enforcement officer (CLEO) of the locality in which the maker or transferee is located; and (4) eliminate the requirement for a certification signed by the CLEO.
David Hineline:
The CLEO certification will be gone, so it will not be up to the whim of local LE whether or not you get to possess NFA items.
CitizenClark:
--- Quote from: David Hineline on August 25, 2013, 09:08:27 AM ---The CLEO certification will be gone, so it will not be up to the whim of local LE whether or not you get to possess NFA items.
--- End quote ---
That would be a great development. A related, but not-so-great development is the proposed automatic notice to law enforcement on all NFA transfers. Currently, using a trust, corporation, or other business entity affords more privacy in this regard.
I personally know of a public official who chose to use a trust specifically to avoid the political ramifications of other officials in his small town finding out that he has NFA items.
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