BATFE Planning to Finalize Rule on NFA Trusts in December
Back in 2013, Nick reported that the BATFE was toying with the idea of requiring all responsible parties in an NFA trust to get a Chief Law Enforcement Officer (CLEO) sign-off, just as individuals are required to do. The wheels of bureaucracy being slow as ever, we hadn’t heard much on that lately. An eagle-eyed TTAG reader, however, noted that something may be about to break on that front later this year . . .
The Department of Justice is planning to finalize a proposed rule to amend the regulations of the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) regarding the making or transferring of a firearm under the National Firearms Act. As proposed, the rule would; (1) add a definition for the term “responsible person”; (2) require each responsible person of a corporation, trust or legal entity to complete a specified form, and to submit photographs and fingerprints; and (3) modify the requirements regarding the certificate of the chief law enforcement officer (CLEO).
The legal ability of NFA Trusts to avoid the CLEO sign-off is one of those quirks of the law that, once it goes away, it’s gone, brother, at least until all or part …read more
Source:: Truth About Guns
Leave a Reply