"Crocodile tears..."
Let the meme-ing begin... He'll probably be selling mortgages in pop-up ads with that photo by the end of the week.
What a rather surprising mixed-bag this pronouncement is. All the more so because this man has never made a point of conceding any territory willingly, and because he has never crafted proposals like this with any contrarian input. Basically, a rather substantial (and somewhat humiliating) burden laid upon so many NFA owners, but at the same time a supposed lifting of an outright barrier to ownership for many.
I suspect the CLEO signature removal will, itself, be rescinded by this administration before he leaves office. He removed it, he can put it back once we've finished overlooking the additional regulatory burden he has placed by mandate upon so many NFA owners. In the case of individuals, there is some question whether the authority to even remove the signoff requirement exists, and in the case of trusts, the same question as to by what authority their approval is now required (the CLEO of the location/address of the trust I can understand, but not the CLEO's of every party to the trust, or such a thorough piercing of the trust's protections that every party be scoured by background check)
We shall see what sticks, but not until years from now, such is the modus-operandi of this administration (I'd call it contempt of the judicial system, and do not understand why judges remain oblivious of the raspberries being blown in their faces). I happen to think this move may be entirely a way to shortcut future assaults on the NFA's unjustifiable prohibitory effects; the CLEO signoff refusal was the most direct route not involving *scawwy* machineguns.
I just hope the ATF/Justice Dept get some better lawyers to draft their arguments for the courts than whoever drafted the justifications portions of this drivel. Conceding that registered NFA weapons generate no public harm, yet are such a public threat as to require essentially limitless federal regulatory intervention. That individuals (and trustees) who partake of the onerous process constitute a vanishingly small burden on law enforcement, yet are deserving of even more scrutiny than those with security clearances (at least those BGCs only occur every few years, not every time a document is handled/created).
I hate to be crass, but pretty much everything else about his proposals falls into the 'baffle them with bull****' category, and is probably a distraction from the more nuanced but impactful 41p/NFA changes we are seeing. Very few practical effects for anyone not in the midst of an ATF sting. Basically, our Feds are claiming that no legal construct intended to protect sensitive personal information will stand in their way if they want to know bad enough, whether it be trust or medical records, and intend to use tax law as the conduit.
Can't wait to hear what the next 300$ legal workaround to this fingerprint requirement will be; I strongly suspect the NFA law groups won't give up this honey-pot so easily. I'd also love to see such personal scrutiny on individuals setting up trusts for other areas of commerce *cough* Cayman Islands *cough* since that would get this question settled quite rapidly, indeed.
TCB