I'm not sure if this has been posted but I read it in the Wall Street Journal this morning and wanted to pass along an excerpt. I would post the whole article but I'm not sure if there are copyright issues.
"But a recently proposed federal regulation that would close a loophole in current law could stifle sales of silencers—one of the fastest-growing segments of the gun industry—and, thereby, Mr. Matheny's business.
The loophole involves a legal construct known as a trust, which has allowed many gun buyers to sidestep a requirement of the National Firearms Act of 1934 that local sheriffs or chiefs of police approve purchases of silencers and highly regulated firearms, such as machine guns. The trusts used to purchase many of the silencers range in sophistication and scale, but generally they allow a group of people to purchase weapons or accessories and transfer them among themselves.
Under the new rule, proposed Sept. 9 by the Bureau of Alcohol, Tobacco, Firearms and Explosives, people linked to the trusts also would have to obtain a sign-off from local law enforcement and undergo criminal background checks. The proposal is open to public comment until December.
The ATF's proposal says "responsible persons" of a trust seeking to purchase a silencer or other weapons covered by the National Firearms Act would have to submit fingerprints and a photo to the federal government, pass a criminal-background check and get local law-enforcement approval. Even absent background checks and the law-enforcement sign-off, dealers say it takes the ATF from two to nine months to process the paperwork.
Gun dealers said signatures are hard to get in many jurisdictions. The ATF acknowledged as much, disclosing in its proposal that several sheriffs and police chiefs had privately expressed their discomfort at signing off on applications for items regulated under the National Firearms Act. A spokeswoman for the ATF declined to comment.
"It's going to absolutely destroy this market," said Mr. Matheny, who employs eight people at his shop. "If sheriffs won't sign, they've essentially made them illegal."
"But a recently proposed federal regulation that would close a loophole in current law could stifle sales of silencers—one of the fastest-growing segments of the gun industry—and, thereby, Mr. Matheny's business.
The loophole involves a legal construct known as a trust, which has allowed many gun buyers to sidestep a requirement of the National Firearms Act of 1934 that local sheriffs or chiefs of police approve purchases of silencers and highly regulated firearms, such as machine guns. The trusts used to purchase many of the silencers range in sophistication and scale, but generally they allow a group of people to purchase weapons or accessories and transfer them among themselves.
Under the new rule, proposed Sept. 9 by the Bureau of Alcohol, Tobacco, Firearms and Explosives, people linked to the trusts also would have to obtain a sign-off from local law enforcement and undergo criminal background checks. The proposal is open to public comment until December.
The ATF's proposal says "responsible persons" of a trust seeking to purchase a silencer or other weapons covered by the National Firearms Act would have to submit fingerprints and a photo to the federal government, pass a criminal-background check and get local law-enforcement approval. Even absent background checks and the law-enforcement sign-off, dealers say it takes the ATF from two to nine months to process the paperwork.
Gun dealers said signatures are hard to get in many jurisdictions. The ATF acknowledged as much, disclosing in its proposal that several sheriffs and police chiefs had privately expressed their discomfort at signing off on applications for items regulated under the National Firearms Act. A spokeswoman for the ATF declined to comment.
"It's going to absolutely destroy this market," said Mr. Matheny, who employs eight people at his shop. "If sheriffs won't sign, they've essentially made them illegal."