As a federal firearms licensee (FFL), you have many laws and regulations to follow. Have you ever wondered where all these requirements come from? Take a look at the most important firearms legislation since 1934:
- National Firearms Act of 1934: The NFA is a tax statute, imposing a tax on the making and transfer of firearms. This was enacted in an attempt to control the type of crime that reigned in the Prohibition era.
- Pittman-Roberston Federal Aid in Wildlife Restoration Act: This 1937 act has been amended many times including major ones in the 1970s and most recently in 2000 and 2014. With this act, a pre-existing 11% excise tax on firearms was moved from the U.S. Treasury to the Secretary of the Interior. In turn, these monies were apportioned to the states to manage wildlife and their habitats.
- Gun Control Act of 1968: This law controls gun trade and creates a minimum standard of who can access firearms. It requires licensing to “engage in business” of importing, manufacturing, etc. This is the law that established ATF recordkeeping requirements.
- Arms Export Control Act of 1976 (AECA): This law provides permanent importation provisions that are administered by the ATF. It requires that anyone engaged in the business of importing items on the US Munitions Import List must register with the ATF.
- Brady Handgun Violence Prevention Act: In 1993, this act amended the Gun Control Act of 1968. Beginning its life as the Brady Bill, in reaction to the attempted assassination of Ronald Reagan and its devastating effects on James Brady, this law put in place criminal background checks at federally licensed dealers. Permits under state law qualify as alternatives to the background check requirements of the Brady law.
- Violent Crime Control and Law Enforcement Act of 1994: This is the largest crime bill in the history of the United States. Among other items in its 356 pages was the regulation of assault rifles and other strict requirements. The Federal Assault Weapons Ban expired in 2004 by a sunset provision.
How do you keep up with all these regulations and make sure your business processes are meeting the requirements? Using electronic ATF software like BASM’s Easy Bound Book™, you can feel confident that your recordkeeping is up to date.