Breaking: New Executive Rule Banning Private Sales of Firearms

Published on August 31, 2023
Duration: 5:25

The VSO Gun Channel discusses a new executive rule proposed by the administration that aims to redefine what constitutes being in the business of selling firearms. This rule, leveraging the Bipartisan Safer Communities Act, could require individuals to obtain a Federal Firearms License (FFL) and conduct background checks if they meet certain conditions related to offering firearms for sale, such as repetitive sales within 30 days of purchase or selling like-new firearms in original packaging. The channel urges viewers to participate in the public comment period to voice their opposition.

Quick Summary

A new executive rule proposes to redefine 'dealing in firearms,' potentially requiring individuals to obtain a Federal Firearms License (FFL) and conduct background checks if they meet certain conditions, such as repetitively selling firearms within 30 days of purchase or selling like-new firearms in original packaging.

Chapters

  1. 00:00Introduction: Administration's New Rule
  2. 00:19Leveraging the Bipartisan Safer Communities Act
  3. 00:39Executive Rule Redefining Firearm Dealing
  4. 00:52Key Points of the Proposed Rule
  5. 01:50Addressing the 'Fire Sale' Loophole
  6. 02:02Activities Presumed to Indicate Profit Intent
  7. 03:00Eliminating Private Sales in the US
  8. 03:31Rule Open for Public Comment
  9. 04:01Extrapolation of Congressional Intent
  10. 04:38Links to Proposed Rule and Comment Section
  11. 04:45Call to Action: Participate in Comment Period

Frequently Asked Questions

What is the new executive rule regarding firearm sales?

The proposed executive rule aims to redefine what constitutes being in the business of selling firearms. If finalized, it would presume individuals are dealing firearms and require them to get a Federal Firearms License (FFL) and conduct background checks if they meet certain conditions related to offering firearms for sale.

What activities could trigger the need for a Federal Firearms License under the new rule?

Activities that could trigger the need for an FFL include repetitively offering firearms for sale within 30 days of purchase, selling like-new firearms in original packaging, or representing to buyers that you are willing and able to purchase and sell firearms repeatedly.

How does the proposed rule address the 'fire sale loophole'?

The proposed rule clarifies that selling firearms previously in business inventory, which were not transferred to a personal collection at least a year before the sale, could be considered engaging in the business of dealing firearms and thus require an FFL.

What actions might lead to a presumption of intent to profit from firearm sales?

Creating a website or business cards to advertise a firearms business, maintaining records of profits and losses from firearm transactions, purchasing business insurance, or renting space at a gun show could lead to a presumption of intent to profit.

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