This proposal affects a number of things, but namely seems to affect the following:
unfinished frames/receivers & receiver flats (anything above 0% really)
definitions in regards to what constitutes a "complete" firearm (& regarding firearm parts kits), as well as operational definitions for what constitutes the frame/receiver of Glock & SIG type firearms
defines "PMFs" (Privately Made Firearms) & requires markings (with a week of frame/receiver "completion") for FFL holders (including C&R holders); licensed manufacturers; and importers (of all current & future inventories to include all FFLs & C&Rs personal collections).
creates a new license category for gunsmiths solely for making identifying marks to PMFs
creates mandatory changes to the packaging & labeling of "armor-piercing" ammunition
& basically creates a de-facto permanent national registry of all firearms either manufactured, imported, or transferred as all such existing & future records would be required to be kept & maintained indefinitely (rather than just for 20 yrs in some cases)
Major impacts to 80% receivers (or any material which can be clearly or easily recognized as an unfinished frame or receiver of a firearm).
While the proposal does NOT require PMFs to be marked with a serial # or other identifying info at any time after an unlicensed individual makes/manufactures a PMF, it does require that all 80% frames/receivers (& other items clearly recognizable as an unfinished firearm frame/receiver) currently in existence (& in the inventory of any FFL/Manufacturer/Importer/Retailer/or C&R holder), to be marked/identified with such info & further requires such items to be transferred though an ffl & undergo a NICs check. This essentially means that anyone wishing to make/manufacture a PMF (without undergoing an FFL transfer/NICS check & without building on pre-marked materials), will need to build/manufacture the frame/receiver of such firearm completely from scratch (0% build from basic raw materials), or from an 80% (or other unfinished receiver) which the individual already has in their possession.
The above is simply my take after reading through the entire proposal (took over an hour just to read through the the doc let alone go through the referenced material) It's far too much to summarize here in this post.
Unfortunately, the COC prevents me from telling everyone how I feel about all of this.
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One is just never enough...
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