https://www.cnn.com/2024/04/11/politics/gun-show-loophole-rule-finalized-biden-admin/index.html
The finalized rule aims to close what gun control advocates call the “gun show loophole” by increasing the requirements to obtain a federal firearms license, or FFL, by more specifically defining what it means to be “engaged in the business” of selling firearms. By making the term more definitive, the Justice Department has said it aims to better regulate the market and encourage higher compliance with the federal background check requirement…The Bipartisan Safer Communities Act, passed in 2022, expanded the definition of engaging in the business of firearms dealing to include all individuals who “devote time, attention, and labor to dealing in firearms as a regular course of trade or business to predominately earn a profit through the repetitive purchase and sale of firearms.” President Joe Biden later issued an executive order directing DOJ to adopt a new rule to address who is “engaged in the business” of selling firearms.
In finalizing the new rule, DOJ amended the Bureau of Alcohol, Tobacco, Firearms and Explosives regulations to the new expanded definition of engaging in the business of firearms dealing and further clarifies the conduct that presumptively requires a license under that revised definition, the department said.
The rule clarifies what it means to have a “personal firearms collection” to ensure that “genuine hobbyists and collectors” may add to or get rid of guns in their collection without breaking the law, and provides clarity as to what FFL’s who are going out of business should do with their inventory.
“Under this regulation, it will not matter if guns are sold on the internet, at a gun show, or at a brick-and-mortar store: if you sell guns predominantly to earn a profit, you must be licensed, and you must conduct background checks,” Attorney General Merrick Garland said in a statement.
As I have mentioned before the dudes I call "strawman dealers’ are the primary source for criminals buying guns. These are the assholes who but a dozen 9Mm when on sale, load them in their trunk cross state lines and sell them to gangbangers- cash only, at a large mark up.
This will not stop the hobbiest who collects WW1 antique guns from trading or selling some 100 year old item, or the widow from selling her dead husbands guns.
But this stop the criminals who buy lots and lots of guns for the purpose of reselling them- mostly to criminals- with no ID checked of course.
This is a solid move forward.
and of course-“This latest Biden Administration attack on law-abiding gun owners is a blatant attempt to coerce Americans to forego legal activity with firearms under threat of potential confiscation of their lawfully acquired and constitutionally protected property,” said Randy Kozuch, the executive director of the NRA Institute for Legislative Action, in a statement. “NRA is already working to use all means available to stop this unlawful rule.” which is a total and complete lie, since it does nothing of the sort. Gun owners can keep their guns. Only those who make a living buying and selling guns are covered by this new ruling. In most cases- those who make a living selling guns to criminals, I might add.