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Comments Reveal Strong Opposition to Proposed Rule on NFA Trusts

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Unread 12.13.13, 10:07 PM
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Comments Reveal Strong Opposition to Proposed Rule on NFA Trusts

Posted: 12.12.13 04:00 PM

In September, we reported on the Obama administration's ill-conceived regulatory proposal to further complicate the already burdensome process of transferring an NFA firearm.* To recap, the proposed rule would, among other things, expand the law enforcement certification (often referred to as the "CLEO sign-off") to cover applications to transfer or make an NFA firearm pertaining to legal entities such as corporations and trusts.* It would also extend the fingerprinting, photograph, and background check requirements that currently apply only in the case of individual applicants to all so-called "responsible parties" within the entity.* Comments have noted the proposal's definition of "responsible party" is so broad and vague that it conceivably could extend, for example, to infant beneficiaries of a trust.

Source: http://www.nraila.org/legislation/fe...fa-trusts.aspx
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