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Thursday, 12 December 2013 09:26

Obama NFA Executive Order Proposal 41 P is Not a Done Deal Featured

After collecting more than 9,000 public comments during a 90 day period ending December 9, the US Government updated the status of BATFE's proposed rule on the transfer of NFA firearms to 'legal entities', such as trusts and corporations (docket number ATF 41P). The 'Unified Agenda Statement' maintained by the Office of Management and Budget (OMB) must announce an estimated date of a 'Final Action' on this proposal; however such forecasts often prove unreliable as proposals are often changed, dropped, delayed, or sped up.

For now, the government has planned a  'Final Action' of "06/00/2014."  What does this mean? 

This date is the government's estimate of how much time is needed to decide what to do about the proposal: change it, enact it, drop it, etc. Until then, they have 9,000+ comments to review, including Arsenal Attorneys' own comment in opposition to the proposal. If the government decides to enact a proposal, time must then be given to provide the public advance notice to prepare before new rules would take effect.  

So conditions are very much in flux. The proposal could become better or worse, or whither on the vine. What will effect the outcome? The pace of the government, the strength of arguments for/against the rule, politics, and a variety of other known and unknown factors. 

We do want to clear up confusion caused by 41P already. Some mistakenly believed the end of the 90 day comment period was the cut-off date before new rules would take effect. Others believed there was reason to abandon plans to obtain NFA firearms altogether. In fact, even the current form of 41P would allow current trusts and tax stamps to remain valid, and it would allow trusts to register new NFA firearms subject to the proposal's conditions. The fact is, there's never been a more important time to obtain NFA firearms, including silencers, short-barreled rifles and shotguns, and machine guns.

Every day we continue helping clients create Arsenal Gun Trusts to help them transfer and/or build NFA firearms, and our best advice is to take full advantage of current conditions before they might change. 41P is not a 'done deal.' 

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Arsenal Attorneys

Arsenal Attorneys is a nationwide law practice with offices in Fairfax, Virginia near Washington, DC and in Rocklin, California near Sacramento. We serve large and small clients, often remotely. Depending on the client's location, our services include estate planning, civil litigation, criminal defense, business law, landlord-tenant disputes, real estate, and firearms regulations. Our team of attorneys is licensed to serve clients in over 30 states. Contact us today to discuss your goals.

 

 

 

 

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