In addition, today, the ATF issued a Notice of Proposed Rulemaking in the Federal Register regarding an FFLs responsibility for filing interstate theft / loss reports. Three key propositions of the proposed rule:
1) When a Federal firearms licensee (FFL) discovers a firearm it shipped was stolen or lost in transit, that sender/transferor FFL must report the theft or loss to ATF and to the appropriate local authority.
2) The rule also reduces an FFL’s reporting burden when a theft or loss involves a firearm registered under the National Firearms Act (NFA) and ensures consistent reporting to ATF’s NFA Branch.
3) The rule specifies that transferor/sender FFLs must reflect the theft or loss of a firearm as a disposition entry in their required records not later than 7 days following discovery of the theft or loss, and specifies that FFLs that report the theft or loss of a firearm and later discover its whereabouts must advise ATF that the firearm has been located and must re-enter the firearm into their required records as an acquisition or disposition entry as appropriate.
The ATF Changes Definition of “Engaged in the Business”
The final version of ATF Rule 2022R-17 has been submitted to the Federal Register and will go into effect 30 days after the date...
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