Final Action date for 41P officially pushed to Dec 2015

SWO Daddy · May 27, 2015

This is good. The more it's pushed to the right, the less of a chance it has to actually materialize IMO.

Get those Form 1/3/4's in!

http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201504&RIN=1140-AA43

OrbitalEllipses · May 27, 2015

For those who don't click: 12/2015 Final Action Date.

dontpanic · May 27, 2015

That's awesome

Wayne1one · May 27, 2015

Thanks for the info

bobthefisher · May 27, 2015

I was hoping they would drop the whole damn thing.

Maverick0313 · May 27, 2015

Thanks for the info.

Nabla · May 27, 2015

Thank you for posting. I'm currently waiting for a Form 4 approval for a transfer between an out-of-state individual and my FFL (submitted 5/04) and will then submit my own Form 4 to transfer from my FFL to me (via trust). Do you think I'll get in before the proposed changes, if approved?

SWO Daddy · May 28, 2015

Nabla said:
Thank you for posting. I'm currently waiting for a Form 4 approval for a transfer between an out-of-state individual and my FFL (submitted 5/04) and will then submit my own Form 4 to transfer from my FFL to me (via trust). Do you think I'll get in before the proposed changes, if approved?

My money (maybe I'm just an optimist) is on 41P never happening. But even if it did, you're probably fine so long as your application is accepted before December.

erwos · May 28, 2015

SWO Daddy said:
My money (maybe I'm just an optimist) is on 41P never happening. But even if it did, you're probably fine so long as your application is accepted before December.

Yeah, hard to see how they're going to put in a change after the comment period was 99.99% "this is the worst idea ever". Of course, the government being the government, who knows?

I agree that you'll be fine if you submit before the final changes go into effect, if they ever do.

AssMan · May 28, 2015

I don't recall - the ATF is not trying to expand this to include suppressors, correct?

erwos · May 28, 2015

This has always included everything you'd use a trust for - including suppressors.

deesly1 · May 28, 2015

Would this be for future NFA purchases or would this new ruling make existing Trusts null and void due to the lack of photographs and finger prints of Trustees.

bobthefisher · May 28, 2015

Preexisting items in an NFA revocable living trust before the final 41p ruling would be grandfathered. However, any new trusts or new NFA items entered into previous trusts; would require that each individual of the trust to be photographed and fingerprinted for every new additional item.

erwos · May 28, 2015

bobthefisher said:
Preexisting items in an NFA revocable living trust before the final 41p ruling would be grandfathered. However, any new trusts or new NFA items entered into previous trusts; would require that each individual of the trust to be photographed and fingerprinted for every new additional item.

Well, that was the original idea. We don't really know what the final plan is going to look like.

bobthefisher · May 28, 2015

erwos said:
Well, that was the original idea. We don't really know what the final plan is going to look like.

True, true.

Maybe the final ruling will allow new machineguns, huh, huh... any takers? :rolleyes:

Nabla · May 28, 2015

Thanks for your input, guys! Hopefully the transfers go off without a hitch in these next several months and the NFA item will be grandfathered in if 41P takes effect. Man, if the wait wasn't killing me enough!!

cap6888 · May 28, 2015

I guess I should SBR the last lower I have just in case this BS goes into effect.

AssMan · May 28, 2015

Well, I suppose I will SBR a couple of rifles I have. Wasn't in a rush, but may as well go ahead and do it over the summer. MG is going to have to wait unfortunately. Guess I won't be able to add that to the trust. What a joke...

fabsroman · May 28, 2015

bobthefisher said:
Preexisting items in an NFA revocable living trust before the final 41p ruling would be grandfathered. However, any new trusts or new NFA items entered into previous trusts; would require that each individual of the trust to be photographed and fingerprinted for every new additional item.

Good Lord, I thought it was only going to be that the "responsible person" on the trust would need to get photographed and fingerprinted. Then again, I guess all trustees would be considered responsible persons. What a PITA. I need to find a day to finalize my trust and get the e-forms filed.

Can I get an 8 day week please? lol

fabsroman · May 28, 2015

snallygaster said:
Well, I suppose I will SBR a couple of rifles I have. Wasn't in a rush, but may as well go ahead and do it over the summer. MG is going to have to wait unfortunately. Guess I won't be able to add that to the trust. What a joke...

If this goes into effect, there is no longer a need for a gun trust unless you have grandfathered items in one.

If you buy the machinegun after this goes into effect, might as well just have it in your name and go through the same hoops as if you were to put it in the trust post P41 ending up a YAY.

I really do hope that P41 gets scuttled just like the ridiculous proposal to ban M855 ammo.

Final Action date for 41P officially pushed to Dec 2015

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