New Biden Rule Makes ‘Buybacks’ Potential Seller Traps

An email I sent out this morning to my “small cadre” of advisors:

https://www.govinfo.gov/content/pkg/FR-2024-04-19/pdf/2024-07838.pdf

“The definition of ‘to predominantly earn a profit’ now focuses only on whether the intent underlying the sale or disposition of firearms is predominantly one of obtaining pecuniary gain… ’ to define the terms ‘purchase’ and ‘sale’ as they apply to dealers to include any method of payment or medium of exchange for a firearm…”

Did they just tank anonymous “buybacks” with “no questions asked”? I know some gun owners publicize selling cheap junk for a profit… I don’t see a carve out for buybacks in the text (albeit I only did a word search and have not pored through the whole mess).

It turns out Armed Attorneys addressed that in a video Len Savage sent me the link to, along with this observation:

Fun fact: The Bipartisan Safer Communities Act was touted to close the “gun show loophole” to prevent buying a firearm without a background check,

However; There is NOTHING in the rule (based on the law passed) that effects or applies to a BUYER.

NOTHING!

Meaning it would only affect the seller of a firearm to a buyback program.

Don’t take my word on it, here are two attorneys discussing it.

The relevant section starts at 8:12:

So it looks like they outsmarted themselves, and now need to ignore their own rule.

So, every time the antis hold a buyback, why not loudly complain and warn people they’re being invited to violate “commonsense gun safety laws”?

Crank It Up

From Len Savage:

A new paradigm has entered  the game…The same file could be used to CNC all metal components.

Uses a lot of off the shelf parts complete.

I don’t do a lot of hardware here because my thing is rights, so even though this is way cool, my first thought is when there’ll be a rule change.

FBI’s Las Vegas Shooter Report Raises Serious Unanswered Questions. What NFA Weapons?

The bottom line is “bump stocks,” which were “legal” at the time, could not have been the “illegally possessed prohibited firearms” referred to in the “Paddock” report. So what weapon/s are they referring to? [More]

Enquiring minds want to know…

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