Financial institutions are pushing back against a proposed rule change that would force them to work with the firearms industry, citing concerns over the legality of the measure.

Introduced by the Treasury Department’s Office of the Comptroller of the Currency (OCC) in November, the measure would block financial institutions from refusing to do business with companies the banks believe may hurt their image. The rule requires that banks base decisions on financial risk assessment: As long as the numbers are financially sound, banks will be unable to deny services to a lawful business.

Read the rest of the article: https://www.conservativereview.com/banks-fight-rule-that-would-force-them-to-do-business-with-firearms-industry-2649784096.html

In a 16 page draft copy of proposed rulemaking/guidance specifying “Objective Factors for Classifying Stablizing Braces”, the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) has proposed entering into rulemaking to delineate the objective factors considered when “evaluating firearms with an attached stabilizing brace to determine whether they are considered firearms under the National Firearms Act (‘NFA’) and/or the Gun Control Act (‘GCA)” and the Department of Justice’s plan to “subsequently implement a separate process for current possessors of stabilizer-equipped firearms to choose to register such firearms in compliance with the NFA.”

Read the rest of the article: https://blog.princelaw.com/2020/12/16/atf-to-institute-rulemaking-regarding-stabilizing-braces-and-require-registration-of-currently-owned-braces/

Note: Mr. Prince is one of the top firearm lawyers in the country. Highly recommend reading his work.

Saw some comments regarding TX HB196 that are cause for concern.

In Texas, State Representative Terry Meza (D-Irving) has introduced HB196. Her bill would repeal the state’s “castle doctrine.” This doctrine allows a homeowner to use deadly force against an armed intruder who breaks into his home. Now listen to what she has to say…

“In most instances the thief needs the money more than the homeowner does,” Meza reasoned. “The homeowner’s insurance we reimburse his losses. On balance, the transfer of property is likely to lead to a more equitable distribution of wealth. If my bill can help make this transfer a peaceful one so much the better.”

Hat tip: George

Joe Biden is proposing to force owners of assault-style rifles to either sell their firearms through a voluntary buyback program or register them with the federal government under the same law that was first used to strictly control sales of machine guns in the wake of the gangland shootings of the 1920s and ’30s.

The gun control plan that Biden’s campaign unveiled on Wednesday also aims to tackle urban gun violence with an eight-year, $900 million program that would go toward efforts to combat shootings in 40 cities with the highest rates of gun violence.

Read the rest of the article: https://www.cnn.com/2019/10/02/politics/joe-biden-gun-control-plan/index.html

Under the plan, Biden gives “individuals who now possess assault weapons or high-capacity magazines two options: Sell the weapons to the government, or register them under the National Firearms Act.”

So, in essence, those gun owners who choose to keep their weapons would be forced to register them with the ATF and pay the $200 tax.

Read the rest of the article: https://www.theblaze.com/news/biden-tax-gun-owners-34-billion