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I appreciate the responses and will definitely keep 41P in mind. Do you think NFA items held by a trust, should 41P become law, would still be able to be held by the trust (just can't add anymore items) or would they need to be transferred to an actual person ($200 tax + CLEO + bg check)?
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That is a subject of much debate, many pages worth.
Even actual lawyers cannot agree.
The main thrust of 41P is to require that EVERY person named in a Trust or LLc as having access to the weapons must undergo a fingerprint-background check.
Which is impractical for some large entities.
The other point is that it appears that ATF wants to discourage the use of Trust/LLc's by making them as or more awkward than the normal routine.
41P may never happen due to it's trampling of states rights.
Each state sets their own corporate law, 41P attempts to override those laws directly from a Fed. "Regulatory" (Not legislative) agency, without participation of congress.
The underlying "Reason" for the 41P proposal is BS, it's just a pretext, there is no legitimate problem being addressed.
It's really an effort to discourage and diminish NFA ownership, a Right certain factions of government want quashed.