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Ok here are a couple areas I'm unsure of.
1) Many States have laws stating that they also ban "assault" rifles named in the "federal assault rifle ban". Now if there is no federal ban are these bans gone or still in effect?
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Expiration of Federal law has nothing to do with state law, unless state law is written that way. I guess if the state law specifically points to a list of firearms that no longer exists, then the list of banned firearms under that state's laws is null.
2) So say the ban sunsets is do you just slap on a "pre" ban upper and you are good to go regardless of what new State bans might come down the pike?
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Yes. Deal with state law when it is enacted. Just like today.
3) Will "pre" ban rifles still be pre ban in these States making them more valuable in some states then others?
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Probably, unless it is illegal to import those rifles into those states. Again, it depends on what state law says.
4) Might it lead to a whole wave of State sponsered bans in say Mass, CT, NY, NJ, MD, etc.
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More likely is it will lead to a whole wave of state laws being repealed, when it is shown the sky has not fallen. It is really up to each states gun owners as to bend over and take it, or fight for repeal.
What should I do to be prepared for a sunset in the federal ban and possibility of the addition of a new and possible tougher State ban?
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Whatever you are doing now. You seem to be pre-occupied with some law that may get passed in the future. Who cares, you cannot control that. But history has shown, most weapons are grandfathered, and go up in value, so buy now.
I hope you can tell where I'm going with this. Say on Sept 15 the ban sunsets and all AR15s are considered fine regardless of configuration. Massachusetts liberals freak out and try to rush a new State ban into effect. Would all guns prior to the new State ban be ok, or just the original prebans?
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Pretty hard to know what a non-existent law says, isn't it?