Category: Business

GOV. NOEM INVITES CALIFORNIA GUN MANUFACTURERS TO MOVE TO SD

PIERRE, S.D. – Governor Kristi Noem invited California gun manufacturers and law-abiding gun owners to move to South Dakota to escape California’s gun and ammunition tax , which Governor Gavin Newsom signed as the first such tax in the country.

“Why would anyone want to live in a state where your Second Amendment rights are infringed?” said Governor Noem. “South Dakota has been setting the standard as the most Second-Amendment friendly state in the nation for years. Our firearms industry is thriving. Unlike Governor Newsom, South Dakota respects our God-riven rights. So if you are a California gun manufacturer or law-abiding gun owner, we are ready to help you make the move!”

South Dakota’s firearms industry has a total economic impact of $400 million. The state has the second-highest number of registered weapons per 100,000 residents of any state in the nation – this is over three times the nation average and seven times that of California. South Dakota’s concentration of employment in the firearms industry is also 77% higher than the national average and 177% higher than California’s.

Silencer Central has grown from being a local business with a small office space in Sioux Falls to having a national footprint. The gun shop now employs 165 team members and sold more than 100,000 silencers in 42 states last year. They opened their new 47,500-square-foot corporate office in Sioux Falls last June and have grown their staff from 17 to 175, including 120 onsite in Sioux Falls.

Cole-TAC relocated from New Hampshire to the Black Hills, bringing with it 40 jobs. Cole-TAC manufactures tactical accessories, include suppressor covers, ammo storage, hunting gear, and a variety or shooting accessories.

The first bill that Governor Noem ever signed into law guarantees Constitutional Carry for all law-abiding South Dakotans. South Dakota was also the first state to not charge a fee for a concealed carry permit, and it is one of the strongest states for “Stand Your Ground” laws.

State and local governments in South Dakota cannot use an emergency declaration as an excuse to infringe on Second Amendment rights. And, in April, Governor Noem signed an Executive Order blocking state agencies from contracting with large banks that engage in discrimination against firearm-related industries.

The Governor’s Office of Economic Development is equipped to help those interested in moving to South Dakota. You can find more information through Governor Noem’s “Freedom Works Here” website.

SAN ANTONIO – A federal judge declined to dismiss a Second Amendment suit filed by a gun store owner who challenges the ATF’s recent guidance on how to implement the Gun Control Act of 1968. The man has standing to sue, alleging that the guidance could hold him liable for non-willful actions such as “inadvertent paperwork errors” and result in the revocation of his license.

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O’Keefe’s new organization seems to be doing just fine.

Project Veritas Is Dead. Cause Of Death? Pushing Out James O’Keefe.

Project Veritas Suspends All Operations Amid Devastating Layoffs and Fundraising Struggles.

Project Veritas, the conservative organization founded by James O’Keefe, suspended all operations on Wednesday after another round of layoffs, Mediaite has learned.

According to a letter titled “Reduction in Force” that was sent to Project Veritas staffers by HR director Jennifer Kiyak on Wednesday, the organization is putting all operations on pause amidst severe financial woes.

“In the interest of preserving the possible future existence of Project Veritas we need to put operations on pause and, as communicated since the Spring, another Reduction in Force (“RIF”) is necessary,” Kiyak wrote.

Six staffers were laid off from the embattled organization this week, sources said, including all remaining journalists and one development associate. One former Project Veritas staffer said just 11 people remain on the non-profit’s payroll, including CEO Hannah Giles.

Kiyak wrote in the letter that the group cannot “carry the present staff count any longer” and reminded those being laid off of their nondisclosure agreements.

O’Keefe, a right-wing activist who gained fame and notoriety for his sting operations against liberal groups, launched Project Veritas in 2010. He left the organization earlier this year amid allegations of improper spending of funds on personal luxuries. He was replaced by Giles as CEO, who has overseen the rapid decline of the once well-funded group that has in recent months struggled with layoffs, the resignations of board members, and fundraising struggles.

Earlier this month, Mediaite reported on an internal meeting during which Giles said the organization was “bankrupt.”

One of the journalists let go in the bloodletting on Wednesday is Bobby Harr, a former lead investigative reporter with Project Veritas. Harr told Mediaite he was “confused” when he was officially laid off on a phone call with Giles and Kiyak Wednesday afternoon – because he had already been let go from the organization last month.

“I was confused by this as my job was actually cut during the first round of layoffs while I was on medical leave,” he said. “I was locked out of my work phone and laptop as of that day and my paychecks stopped.”

Christian Hartsock, the former chief investigative journalist at Project Veritas who was laid off in August, said he was shocked to learn the organization was still running.

“I have no idea what ‘operations’ there are to suspend,” Hartsock told Mediaite.

Giles, he said, “canned the entire production staff of a production company, and the entire journalist leadership staff of a journalism company over a month ago. So what exact ‘operations’ has she been continuing with remaining donor money — given for the sole purpose of journalism production — for the past month?”

Harr said the collapse of Project Veritas has not come as a surprise given the events of recent weeks.

“Suspending operations is one of those things that we all knew was coming after the mass layoffs occurred, but still cut like a knife when it officially happened,” Harr said. “Lack of funding and poor management amplified the damage that James O’Keefe already did to the organization prior to the days of Hannah Giles, who then delivered the final blow.”

O’Keefe’s attorney Jeffrey Lichtman told Mediaite in a statement: “It appears that in the few months since Project Veritas ousted James, it continued to spend money at the same rate, blowing through the many millions of dollars James had previously raised for it — despite PV having no new sources of fundraising. This is highly suspect and we would welcome a full audit of PV’s finances to learn where that money was actually spent.”

Harr expressed disappointment with the mismanagement of the organization he spent more than three years working for.

“I was provided no severance pay,” he said. “The organization used to thrive and prosper. It’s truly sad to see what can happen to great opportunities with a surplus of resources when the wrong people are in power.”

New Injunctions Issued Against ATF’s Frames and Receivers Rule

On Friday [14th], Federal District Court Judge Reed O’Connor reissued preliminary injunctions against the Bureau of Alcohol, Tobacco, Firearms and Explosive (ATF) from enforcing the Final Rule (FINAL RULE 2021R-05F) on frames and receivers against two companies.

The two companies protected against the ATF’s rule are Defense Distributed, makers of the Ghost Gunner, and Blackhawk Manufacturing Group, Inc., d/b/a 80 Percent Arms. The Texas-based case is Vanderstok v. Garland and has been at the center of the fight over incomplete frames and receivers for a little over a year.

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The Biden Admin Just Declared ‘War on Consumers’

In the Biden administration’s whole-of-government attempt to force a transition to supposedly “green” and ethical energy that’s anything but — just ask the whales off the coast of New England or forced/child laborers in EV battery supply chains in Africa — another department is jumping into the crusade.

On Tuesday morning, the U.S. Department of the Treasury released its “Principles for Net-Zero Financing & Investment” to press ahead with “best practices for private sector financial institutions that have made net-zero commitments and promote consistency and credibility in approaches to implementing them.”

These principles, the Treasury Department and Secretary Janet Yellen say, are key to “supporting the mobilization of more private sector capital to address the physical and economic impacts of climate change and to seize on the historic economic opportunity presented by the green transition.”

To that end, Yellen and her department heralded “a number of announcements from civil society including a $340 million commitment” from the likes of the Bezos Earth Fund, Bloomberg Philanthropies, Climate Arc, ClimateWorks, Hewlett Foundation, and Sequoia Climate Foundation over the next three years “to support the continued development of research, data availability, and technical resources intended to help financial institutions develop and execute robust, voluntary net-zero commitments” and “facilitate the transition planning efforts of non-financial sectors of the economy.”

According to the Treasury Department, the “climate crisis is propelling a massive economic shift and is hitting the most vulnerable countries and communities first and hardest” and there’s an “increasing demand for technologies, products, and services that will reduce greenhouse gas emissions, support a clean energy future, and help adapt to a changing climate across all sectors.” Notably, however, that demand is not high enough to see the market move truly voluntarily to meet it. As such, “[i]n the United States, government support is playing a role in accelerating this transition,” the Treasury Department admitted as it pushes for more net-zero agreements and investment, as seen in the principles released on Tuesday.

“This announcement from the Department of the Treasury forcing financial institutions to adopt net-zero principles should come as no surprise to American consumers as the Biden Administration openly declares war on consumers,” reacted Will Hild, the executive director of Consumers’ Research.

“Treasury Secretary Yellen, with her announcement of these new net-zero principals at the Bloom Transition Finance Action Forum, has made it abundantly clear that the Treasury Department is working with and for ESG activists like Michael Bloomberg to make the Glasgow Financial Alliance for Net Zero (GFANZ) goals for financial institutions into U.S. government policy, leaving consumers with nothing,” Hild added. “The Biden Administration is littered with former BlackRock employees such as Brian Deese and Eric Van Nostrand who are pushing these liberal, progressive, net-zero, and ESG policies on Americans, rather than focusing on reducing costs at the grocery store and gas pump and tamping down inflation.”

“Make no mistake, the Biden administration is running cover for the financial industry’s net zero cartel, protecting megalomaniac CEOs like Larry Fink and leaving consumers with nothing,” said Hild.

As summarized by the Treasury Department, the principles established to reinforce the woke, economically damaging priorities of the left are:

PRINCIPLE 1: A financial institution’s net-zero commitment (commitment) is a declaration of intent to work toward the reduction of greenhouse gas emissions. Treasury recommends that commitments be in line with limiting the increase in the global average temperature to 1.5°C. To be credible, this declaration should be accompanied or followed by the development and execution of a net-zero transition plan.

PRINCIPLE 2: Financial institutions should consider transition finance, managed phaseout, and climate solutions practices when deciding how to realize their commitments.

PRINCIPLE 3: Financial institutions should establish credible metrics and targets and endeavor, over time, for all relevant financing, investment, and advisory services to have associated metrics and targets.

PRINCIPLE 4: Financial institutions should assess client and portfolio company alignment to their (i.e., financial institutions’) targets and to limiting the increase in the global average temperature to 1.5°C.

PRINCIPLE 5: Financial institutions should align engagement practices — with clients, portfolio companies, and other stakeholders — to their commitments.

PRINCIPLE 6: Financial institutions should develop and execute an implementation strategy that integrates the goals of their commitments into relevant aspects of their businesses and operating procedures.

PRINCIPLE 7: Financial institutions should establish robust governance processes to provide oversight of the implementation of their commitments.

PRINCIPLE 8: Financial institutions should, in the context of activities associated with their net-zero transition plans, account for environmental justice and environmental impacts, where applicable.

PRINCIPLE 9: Financial institutions should be transparent about their commitments and progress towards them.

The voluntary net-zero commitments the Biden administration is seeking to foist on the private sector, however, may put companies which join them in legal jeopardy.

As Townhall has reported previously, state attorneys general from across the U.S. have put insurance and financial service companies on notice that their net-zero commitments may constitute a violation of antitrust and consumer protection laws.

One recent letter to signatories of a net-zero commitment led by Tennessee Attorney General Jonathan Skrmetti noted how such net-zero alliances see companies “colluding to limit consumer choices and manipulate market outcomes in support of international climate activists,” moves that “could violate [his state’s] antitrust and consumer protection laws.” As AG Skrmetti rightfully noted, “[d]ecisions about energy policy should be made by our elected representatives, not by transnational corporate alliances.”

Already, an earlier warning to insurance signatories to a net-zero pact saw several companies back out of the agreement rather than face additional scrutiny from state attorneys general for their activities that may have constituted antitrust violations.

Despite such warnings about net-zero priorities being potentially in violation of state law, the Biden administration and its climate alarmist allies in the private and nonprofit sector are plunging ahead with more agreements — an unsurprising development from the administration that has not allowed federal law or the U.S. Constitution curb its ambitions, leading to a series of high-profile losses before the Supreme Court for its attempts to force an energy transition.

⇑When Russian commies realized socialism was bankrupt ⇑

⇓When American commies are too stupid to know socialism is bankrupt⇓

Just What Chicago Needs, Government-Owned Grocery Stores.

Luther, fear not, the era of government-run grocery stores may not be as dead and buried as it seems. The city of Chicago — already doing such a terrific job on handling crime, poverty, homelessness, and unemployment — is exploring the possibility of establishing municipally owned grocery stores.

City officials contend that a city-run grocery store would be better because they wouldn’t have to worry about making money. And Mayor Brandon Johnson is enthusiastically embracing the idea:

The City of Chicago is in the early stages of planning a city-owned grocery store in a neighborhood with limited access to fresh food, Mayor Brandon Johnson announced Wednesday.

The city is working with Economic Security Project, a national non-profit organization, on a feasibility study to create a roadmap toward opening the store. At least six grocery stores, including four Walmart locations,  have closed on Chicago’s South and West sides over the past two years, the city said.

“All Chicagoans deserve to live near convenient, accordable, healthy grocery options,” Johnson said in a statement. “We know access to grocery stores is already a challenge for many residents, especially on the South and West sides . . . I am proud to work alongside partners to take this step in envisioning what a municipally owned grocery store in Chicago could look like.”

Now, no doubt Chicago’s city-run grocery stores would have the same service, efficiency, and quality that Chicago residents have come to expect from the local government of a city ranked 149th in its financial stability, 67th in its education system, 71st in its health-care system, 80th in its public safety, 129th in the quality of its economy, or, credit where it’s due, 37th in its infrastructure and pollution. (That’s out of 149 U.S. cities.)

Call me crazy, but I think if you had safe streets and no shoplifting and petty theft, grocery stores could thrive in any neighborhood, because people have to eat. The good news is that so far this year, murder is down in Chicago, with “only”435 people killed from the beginning of the year to September 10, compared to 485 people in the same time period last year. The bad news is that overall, major crimes are up 30 percent from the same period last year. Motor-vehicle theft has nearly doubled from last year.

Who knows, maybe in a few years, we’ll see some Chicagoans marveling at the variety of products available in grocery stories the way Boris Yeltsin did.

ATF FORM 4473 UPDATE – AUGUST 2023 VERSION

The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) has issued the following notice regarding recent changes to the ATF Form 4473. All federal firearms licensees (FFLs) are encouraged to begin using the Revised Form immediately.

 

ATF Notice Regarding Recent Changes to the ATF Form 4473:

Industry Representatives,

As you well know, due to statutory requirements set forth in both the NICS Denial Notification Act and the Bipartisan Safer Community Act (BSCA), the ATF Form 4473 was revised in December of 2022. Incorporating industry member suggestions made during the recent 60 and 30-day Notice and Comment periods, ATF has further revised the form and now that newest version (August 2023) has been approved by the Office of Management and Budget for implementation.

ATF encourages all federal firearms licensees (FFLs) to begin using the Revised Form immediately. The Revised Form is available on ATF’s website, and can be downloaded and printed for immediate use. Please note that the entire Form, including instructions, must be printed, and stored together. Hard copies of the Revised Form will be available through the ATF Distribution Center beginning November 1, 2023. The ATF eForm 4473 application is also being revised and notification will be sent when it is ready for use.

A detailed breakdown of all form changes is provided on ATF’s website: ATF Form 4473 – Firearms Transaction Record Revisions. The Revised Form will become mandatory for use on February 1, 2024. Please contact your local ATF Industry Operations office should you have any questions regarding the changes to the form.

I hate modern appliances. They’re built like it’s planned for them to last about 5 years then break to the point it’s not really cost effective to repair them when the electronics start doing strange things and major parts break.

However I like the way modern business apples itself. Washing Machine ignominiously finally decides to strip out the motor’s main gears on a Saturday afternoon? No problem. Local hardware, tool, appliance emporium delivers on weekends and a new, and slightly less electronically complex  version is being delivered this afternoon.

The dryer, bought at the same time, still works just fine. Of course, now I expect it to also die, in mutual support of it’s previous co-worker

‘Busiest day I’ve had in months’: Guns flying off shelves in Albuquerque after gov’s anti-2A move

It would appear that New Mexico Governor Michelle Lujan Grisham’s emergency order banning the carrying of firearms in Alburquerque has had an unintended consequence: Sales in the city’s gun stores are booming.

ABQ Guns owner Arnie Gallegos told The Epoch Times, “Today was the busiest day I’ve had in months.”

“I’ve been getting a lot of people who have never come into a gun shop before who are rightfully concerned about their freedoms,” Gallegos added. “A lot of people are saying, ‘I can’t rely on the police anymore, and I need to be able to protect myself.’”

As BizPac Review reported, last week, Lujan Grisham declared that firearms could not be carried in Albuquerque and the surrounding Bernalillo County for a minimum of at least 30 days in response to several recent shootings that left children as young as five and eleven dead.

“The recent shooting deaths of a thirteen-year-old girl on July 28, a five-year-old girl on August 14, and an eleven-year-old boy on September 6, as well as two mass shootings this year spurred the governor to declare gun violence a public health emergency on Thursday,” her office said in a press release.

According to the order, “no person, other than a law enforcement officer or licensed security officer, shall possess a firearm … either openly or concealed, within cities or counties averaging 1,000 or more violent crimes per 100,000 residents per year since 2021.”

The move sparked immediate backlash, even from those within her own party.

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ATF Backs Down on Retaliatory License Revocation of North Dakota Gun Store

Washington, D.C. — Gun Owners of America (GOA) and the Gun Owners Foundation (GOF) are excited to announce that the ATF has backed down from attempting to revoke the FFL license of Morehouse Enterprises in Valley City, North Dakota.

Previously, GOA and GOF had filed a lawsuit in defense of the gun retailer, which does business as Bridge City Ordnance. The company was facing the loss of its license due to minor paperwork errors, which, under the new Biden “Zero Tolerance” policy, was grounds for revocation.

Previous ATF policy dictated that warnings and required corrective action were appropriate measures for first-time errors, and only after that could license revocation proceedings be initiated if improvement was not demonstrated.

It has become quite obvious to the average individual that the ATF conducted the “random” inspection of Bridge City Ordnance right after the company joined GOA and GOF in a separate lawsuit challenging the ATF’s Ghost Gun Frame and Receiver Rule last summer.

Litigation is ongoing in both cases.

“The ATF kicked a hornet’s nest when they thought they could send a message to gun dealers who dared to challenge their illegal actions in court. In response, GOA and GOF stepped in, and we made clear they were about to engage in a losing battle. We are thrilled for Bridge City Ordnance and hope this encourages ATF to revisit their ‘zero tolerance’ policy.”

Read Related: Retaliation: ATF Shuts Down FFL After Gun Store Sues the Same ATF

Windham opened up from the ‘ashes’ of the old original Bushmaster Arms after the brand name, but not much else, was sold to Freedom Group, which is the now bankrupt holding company that owned Marlin, Remington etc.

Liberty Safes apparently builds in a ‘backdoor’ passcode – like a master key – on its safes with electronic digital dials. Maybe all electronic dials are made with such.

Is liberty safe with Liberty Safe?

Last week, an Arkansas man was arrested in connection with the U.S. Capitol riot on January 6, 2021. Nathan Earl Hughes has four charges pending against him, including a felony count of interfering with police during a civil disorder. Arkansas Online has an article (archived links) detailing the investigation and the charges against him.

With ubiquitous cellphone cameras, the video of Hughes’ arrest quickly made it online (archived):

 

There is an important sentence in the above tweet/post from the Hodge Twins, and that is this:

“The feds called the manufacturer of his Liberty Gun Safe and got the passcode to get into it too.”

It comes as a surprise to many of us (although it shouldn’t) that an electronic keypad has a secret factory default passcode that allows entry into the safe besides the customer-configured passcode. We don’t know if this default passcode is unique to each safe, or if it’s a model default passcode (like a silly default “admin/admin” username/password combination you find in most wireless routers) that will get you entry into any Liberty Safe of the same model. (Looking at the customer FAQ’s on the Liberty Safe website, it looks like the default passcode may be unique to each safe.)

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Bottomless Demand: Americans Added Another 1.1 Million Firearms to Their Safes in August.

Another month — 49 consecutive, to be exact — with 1 million or more gun sold in August. Because of Despite the Biden administration’s ongoing War on Guns, Americans have show exactly zero inclination to curb their desire to purchase firearms for every lawful purpose from hunting, plinking and competition to personal and home defense. May it ever be thus.

The NSSF’s Mark Oliva said . . .

August’s NSSF-Adjusted NICS figure of over 1.1 million shows us, once again, that the desire for lawful firearm ownership is far from over. Americans, literally by the millions, are investing in exercising their Second Amendment rights. This has happened every month for more than four years continuously.

While the Biden administration proposes rules to infringe on fundamental American rights and certain governors, attorneys general and district attorneys general and district attorneys refuse to lock up criminals that prey on communities without consequence, Americans are sending a clear and unequivocal message that their personal safety, and the free exercise of their rights, is non-negotiable.

Here’s the NSSF’s press release . . .

The August 2023 NSSF-adjusted National Instant Criminal Background Check System (NICS) figure of 1,117,824 is a decrease of 13.1 percent compared to the August 2022 NSSF-adjusted NICS figure of 1,286,816. 

For comparison, the unadjusted August 2023 FBI NICS figure 2,047,515 reflects a -16.4% percent decrease from the unadjusted FBI NICS figure of 2,450,616 in August 2022.

August 2023 marks the 49th month in a row that has exceeded 1 million adjusted background checks in a single month.

Please note: Twenty-four states currently have at least one qualified alternative permit, which under the Brady Act allows the permit-holder, who has undergone a background check to obtain the permit, to purchase a firearm from a licensed dealer without a separate additional background check for that transfer. The number of NICS checks in these states does not include these legal transfers based on qualifying permits and NSSF does not adjust for these transfers.

The adjusted NICS data were derived by subtracting out NICS purpose code permit checks and permit rechecks used by states for CCW permit application checks as well as checks on active CCW permit databases. NSSF started subtracting permit rechecks in February 2016.

Though not a direct correlation to firearms sales, the NSSF-adjusted NICS data provide an additional picture of current market conditions. In addition to other purposes, NICS is used to check transactions for sales or transfers of new or used firearms. 

It should be noted that these statistics represent the number of firearm background checks initiated through the NICS. They do not represent the number of firearms sold or sales dollars. Based on varying state laws, local market conditions and purchase scenarios, a one-to-one correlation cannot be made between a firearm background check and a firearm sale.

ANALYSIS: Academics think a 4-year degree is everything, employers disagree
Employers want employees with well-honed soft skills such as problem-solving, critical thinking, communication, and teamwork, but graduates reportedly lack proficiency in these areas.

Nine out of 10 higher education professionals are convinced that their institutions are churning out job-ready warriors. But employers, current students, and recent grads beg to differ.

Higher education’s career-preparation efforts are not exactly hitting the bullseye, according to a recent Grammarly for Education and Higher Ed Dive report.

Citing surveys conducted by the Cengage Group and College Pulse, the collaborative report states that a mere 41% of recent graduates believe that their college degree effectively signals to employers that they possess the much-needed skills. Current students are also adding their voices to the chorus of concern, with a paltry 14% expressing satisfaction with the assistance provided by their campus career centers.

Employers are not pleased either.

The cries from the job market echo a desire for employees with well-honed soft skills such as problem-solving, critical thinking, communication, and teamwork, but graduates reportedly lacked proficiency in these areas.

Pointing to Gallup, the report cites that “Only 11% of business leaders said they believed college graduates were well prepared for the workforce.”

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Now in Effect: Texas Second Amendment Financial Privacy Act

AUSTIN, Texas (Sept. 1, 2023) – Today a Texas law goes into effect that prohibits financial institutions operating in the state from requiring a credit card merchant code to track the purchases of firearms and ammunition.

Rep. Matt Schaefer and Rep. Candy Noble introduced House Bill 2837 (HB2837) on Feb. 24. Titled the Second Amendment Financial Privacy Act, the law prohibits a financial institution operating in Texas from requiring or assigning a firearms code, which is defined as “any merchant category code approved by the International Organization for Standardization for a firearms retailer, including Merchant Category Code 5723.”

The law now limits the merchant codes that can be assigned to the sale of firearms, firearm accessories, and ammunition.

“For the purposes of the sale of firearms, ammunition for use in firearms, and firearms accessories, a firearms retailer may provide a firearms code to a payment card issuer or payment card network and may only use or be assigned a merchant category code for general merchandise retailers or sporting goods retailers. Any agreement or contractual provision to the contrary is void.

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Biden Administration Proposes Plan to Expand Who Needs a License to Sell Used Guns

President Joe Biden has announced a new proposal to expand the scope of federal gun dealing regulations to cover more people who sell used guns.

On Thursday, the Department of Justice submitted a new plan for determining who must obtain a federal firearms license to legally sell guns on the secondary market. The proposed rule would set limits on how frequently an unlicensed seller could offer up guns to customers, how often they can sell the same kind of gun, and what kind of condition the firearm has to be in before the seller would be required to get a Federal Firearms License (FFL). Anybody who violates the proposed regulations and sells a gun without a license could face up to $250,000 in fines and five years in federal prison or both.

“[U]nder the proposed rule, a person would be presumed to be required to become a licensed dealer and run background checks if they meet one or more of the following criteria,” the White House said in a release. “Offer for sale any number of firearms and also represents to potential buyers that they are willing and able to purchase and sell them additional firearms; Repetitively offer for sale firearms within 30 days after they were purchased; Repetitively offer for sale firearms that are like new in their original packaging; Repetitively offer for sale multiple firearms of the same make and model; or as a formerly federally-licensed firearms dealer, sell firearms that were in the business inventory and not transferred to a personal collection at least a year before the sale, addressing the so-called’ fire sale loophole.’”

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