Update on ATF-41P (proposed rule change affecting NFA gun trusts)

[RockMaple]

The latest intel on ATF-41P from the Prince Law Offices. SPOILER: It's looking like the rule change will be pushed back at least another six months.

http://blog.princelaw.com/2015/04/1...sions-by-atf-at-the-nra-firearms-law-seminar/

 

[dgrafton]

Good news! For now. Hopefully the pattern continues.
Thanks for the update

 

[atilla]

good.

they need to just shelve that shit.

 

[Kevin_NH]

It's like a tontine for machine guns

Did anybody else catch this gem in the GunTrustLawyer article?

ATF has seen many trusts which name the same individual as the beneficiary. It would appear that all of those people are just copying the trust from someone else. They believe that one day this random person could inherit thousands of NFA firearms.

So we have a few months before trust handling is likely to change?

ATF Attorney Ryan stated that ATF is “still sorting through the comments filed in opposition to ATF-41P” and that he still has a number of them to review. Since ATF is still sorting through the issues presented in the comments, they cannot have drafted a final rule taking into account those comments/issues and cannot have responded to the comments/issues. More importantly, once a draft final rule is prepared with responses to all the issues raises, it will have to go up to the Chief Counsel’s Office. While he said he had no idea when to expect ATF to take any action, it clearly seems based on his comments that the action date of May 2015 will be pushed back at least another six months.

 

[atilla]

thousands of NFA firearms... i'll take a winning spot in that lottery for sure.