Proposed ATF Regulation Could Cost Gun Industry $2 Billion, 80 Firearm Makers Tell Mitch McConnell
A proposed firearm regulation from the Bureau of Alcohol, Tobacco, Firearms and Explosives could cost the U.S. gun industry $2 billion dollars, dozens of manufacturers told Senate Majority Leader Mitch McConnell, according to the Washington Free Beacon.
Around 80 gun makers cautioned McConnell in a Saturday phone call that the ATF’s move to re-classify weapons with pistol braces would have a sizable financial impact on the industry, the Free Beacon reported, citing several members of the conversation.
Pistol braces, designed to stabilize a shooter’s arm for one-hand firing, allows a buyer to obtain a rifle-style weapon with a short barrel length without a $200 tax fee and waiting period that a traditional short-barreled rifle would, according to Gun News Daily.
Reclassification of the devices may make those in possession of weapons with pistol braces owners of short-barreled rifles, which are illegal to own without the proper registration and paperwork under the National Firearms Act (NFA). The move could criminalize between 3 and 4 million gun owners in addition to the $2 billion price tag projected by manufacturers, according to the Beacon…
“This ATF is simply out of control,” senior vice president of the Gun Owners of America Erich Pratt said in a press release last week about the bureau’s actions. “This agency — which shouldn’t exist in the first place — is not held accountable for its actions, and honest gun owners who are being turned into criminals are paying the price.”..
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