NFA Update

This episodes provides an update to the NFA process.

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Transcript

0:14

Well, welcome to the Livestream podcast. My name is Jeff dod, and I've been licensed firearm Delivery for the last 18 years in this podcast. Talk about all things related to Second Amendment. Anything else going in the world, a sports story or anything else I might. Find interesting. So welcome, welcome, welcome. So it has been a week and you know, we could talk about a lot of things. We could talk about Venezuela, we could talk about ice Minnesota, Somalis, I mean, the world is really burning and to some degree, and but. You don't have to pay$200 a a tax stamp anymore for your suppressors, and we're gonna touch base on that. Again. I gave you an update last week about my experience at that point in time and. The fact that we were struggling on getting'em submitted, the system kept crashing and it was taking a long time and all that. And, you know, then it was to be determined on how fast the approvals were gonna come back. Well, I had good news really for the most part. You know, the, I was able to finally get everything submitted by really working off hours. Three o'clock in the morning, six o'clock in the morning on Sunday is when I finally got all the ones that I had pending. Processed, or at least submitted. But then actually I started getting some approvals on Sunday. And those were ones that had only been submitted two or three days. And as of this morning, I have gotten a. Back approvals on all that I had submitted, except for one, I'm still pending one. And that was the last one that I got submitted at six o'clock on Sunday morning. So we're, we're tracking, you know, some of'em were done within a few days and the longest time, it's been about six days, I guess. At, at this point in time on what the approval process is. So I have not gone in and submitted. I have, don't have any more currently pending. So I haven't gone in and, and tried to submit any this week. I've got a couple more that I are I'm getting the final paperwork from the customer and we'll be submitting those. So we'll see. You know, if the system's performance is improved. I suspect it has, but I have to give some. Kudos to the A TF because they, they are kicking them out and, and approving them quickly, much quicker than I really thought they were gonna do, because based on the volume and the volume has been substantial from the N-S-F-F-N-S-S-F, the National Shooting Sports Foundation they report that on January one, the, the numbers show that the A TF got 150,000. E Formm submittals, which compares to what had been an average day of 2,500 previously. So, you know, pretty substantial increase. And I don't know, you know, and that was on January one. I don't know how that, you know, I don't know how many people were actually working on January one, but I know the system was lagging all the way, you know, like I said, until the fourth or so for me. So I don't know what those numbers look like for January 2nd, January 3rd. Haven't seen any reporting on that yet, but significant numbers and now 150,000 were not all form four E form submittals. They were, about 80,000 I think is what I heard were form one and form four, you know, suppressors, short barrel, rifle type submittals. The other half of that, the remaining, which isn't the other half were manufacturers dealers, F-F-L-F-F-L form three submittals, which is still a lot. So some of that was, you know, just the kickoff of the process of the massive. Buying that's gonna happen. And the suppressor industry is preparing for a significant increase in their volume, which is a, which is a good thing. Now, you know, we still need to get working on the removal of the registration completely. That is tied up in some two or three lawsuits that have been filed at at this point in time. And we will see, you know, I suspect all those, or at least one of those will have to finally make its way to the Supreme Court to, to before final resolution comes in terms of not only eliminating the tax, but eliminating the formal registration for that. So you know if, to catch you all up, you know, the part of the NFA process is you have to. You not only used to have to pay a 200 tax stamp you, but then to track the fact that you had to pay, that you had to register. You weren't, this was not really the way it was. The law was done. The law was done in the tax code. So the registration process, which requires, you know. Fingerprint, it, it, it's, it's varied over the years. But essentially it required fingerprints passport photos being submitted an application being submitted. Sometimes, you know local law enforcement used to have to sign off on it. That's no longer the case. Blah, blah, blah, blah. But all that. Paperwork was done to track the fact that you paid the tax and then it was taking the a TF historically up until in the last few years, you know, a year or so to approve those transactions. So it was quite a process to purchase a suppressor or a, a short barrel rifle or a short barrel shotgun. And now the a TF has definitely improved that process, you know? Evidence is just what I just stated about how quick and efficient they were able to perform these. Apparently they've been granting you know, overtime to everybody to get it done. So big kudos kudos to the A TF for that. We, we, we, we knock on the A TFA lot especially under the previous administration. Hopefully the new administration, you know, we're getting a little better, different result. We don't have. The stories, at least of them pursuing, you know, gun dealers. And that was all supposed to have been eliminated. But I, you know, I digress. I do wanna give kudos to the point is give kudos to the a TF when, when there are kudos to be given and they are, you know, knocking out these forms. But historically that was not the case. That was not the case. It was they, they, there was no urgency to it. And really no rhyme or reason to how the, the, the timelines and, and how they were done. But, that's improving. So, but anyway, you had to do all that. Well now they eliminated the tax and initially in the big beautiful bill, when they went to eliminate the tax they, the house submitted the, the, in, in the language that they also removed the the registration process. Well, when it got to the Senate the Senate submitted it the same way and I. I can't remember now the title of the lady, but there was one person that not an elected official, just an administrator that ha had this unwielding power to basically say, no, you cannot do this. You can't do this, you can't do this. And she stated that it, they was not, within the purview of the Senate to remove the registration process. They could remove the tax, but they could not remove the registration process. So then that's what theEnd approved. And when it went back to the house for final approval, the house had to leave that in there because or it would've, we would've just been ping ponging back and forth between the house and the Senate over this language. So they, they got done what they could and submitted it by eliminating the tax, which is a big, big deal.$200 off the top of purchasing suppressor is huge. And we see where that's showing. But you're still, you know, telling Big Brother that you got one and they're just, you know, hearing protection devices. No point in anybody knowing about that. But so we're still working through that piece and the more that update will come. But right now, good news is happening around the processing of suppressor forms in, in the NFA process with the A TF. And we, we just need to celebrate that. So I'm going to, you know, end with that. If anything changes, I will update you with that. Anything, you know, if I get more updated volume numbers, I will probably slip that into an, a new podcast as well just to show what, what, what the pent up demand has always been for, owning a suppressor, then I think they will become much more popular as, as you can. And if you're in one of those blue states and they, and you still have the opportunity to purchase one, I would go out and do it. Because I do know, I believe it's maybe in Virginia, there's a couple states that now are, are trying to outlaw suppressors within their states. So. You know, and that'll be just another court fight. So if you want one and you're in a questionable state and you can still get one, get one now while it's quick and easy and fast and get it before your state outlaws it. That's always a good stance to take. So anyway, have a good one. Appreciate y'all listening and I will continue to update you as things progress. Take care.