After the ATF and the Obama Administration published proposed 41P Rules Change, they recieved nearly 10,000 comments, majority in opposition to the proposed changes. The initial final date for the rule change was supposed to be June 2014. We are please to announce as in this NFA gun trust rule 41P update that the ATF has just issued a new statement indicating that there will be NO ACTION on the rule in 2014.
|DOJ/ATF||RIN: 1140-AA43||Publication ID: Spring 2014|
|Title: Machine Guns, Destructive Devices and Certain Other Firearms; Background Checks for Responsible Persons of a Corporation, Trust, or Other Legal Entity With Respect to Making or Transferring a Firearm|
|Abstract: The Department of Justice is planning to finalize a proposed rule 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. As proposed, the rule 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; and (3) modify the requirements regarding the certificate of the chief law enforcement officer (CLEO).|
I doubt this will come as surprise to any of our clients as we have pointed out that this was the most likely of the 4 possible outcomes this year, especially with mid-term elections this November. If the Obama Administration was willing to delay the Affordable Care Act to get votes then this NFA Gun Trust Rule 41P Update was to be expected as no exception.
This give us more time to educate more people about what Washington is trying to do and show people that NFA Gun Trusts help support the Second Amendment in an incredibly meaningful way.
Erik R. Blaine and the attorneys at Wright & Schulte LLC are ready to help you prepare your own NFA Gun Trust so you can start owning these items and exercising your Second Amendment Rights. We are also standing ready to institute legal action, including possible administrative and class cases, once any rule goes into effect.