The new ATF rulemaking known as 41F was published today in the Federal Register, thereby starting the clock for the 180 days until the new rules come into effect, which we now know will be July 13, 2016.
The new rules require each so-called ‘responsible person’ in a trust to complete the new ATF Form 5320.23 for a background check; however this requirement only applies to someone who is a ‘responsible person’ at the time a trust makes an application to transfer or make an NFA firearm. Thus, 41F is not concerned with people removed from a trust before an NFA application is submitted to ATF, nor will 41F apply to people added or re-added to a trust after an application for an NFA firearm is completed.
“We’re proud of the leadership shown by Gun Trust USA™ in creating innovative ways for our customers to comply with the law while minimizing red tape,” said a Gun Trust USA™ spokesman.
