Question about AWB

[LSU Fan]

Ok I know there's no way of telling what will happen in the next few years, but I have a couple questions about an AWB.

I was too young to feel the affects of the Clinton ban, and up until recently, all we had in the house was shotguns.

Now that I'm old enough to afford guns of my own, I've started extending my collection. So far I've only been able to afford a Stag 15, XD40, and G26.

Anyway, if an AWB happens, and sales are restricted to private citizens, what would the rules be for private sales between citizens?

I realize there is no way of knowing what the details of future laws might be, but what was the rule during the clinton ban?

The idea is, I could buy as many rifles as possible right now, and perhaps turn a profit later on with private sales.

Could this work?

 

[1 old 0311]

The old AWB? Yes you could. If a new one were written , like it is in Chicago, posession would be a crime.

 

[hso]

I realize there is no way of knowing what the details of future laws might be, but what was the rule during the clinton ban?

Civilian sales of rifles and pistols covered under the AWB were allowed.

Under other chicanery some shotguns like the Streetsweeper were reclassified as destructive devices requiring registration and the background checks and $200 tax like machine guns.

What does the future hold? If anyone has a way to look into the future I suggest you look at the winners for the stock market and the loto while you're at it and let us know. The possible details are almost endless.

 

[GEM]

Under the old AWB - unless you had specific state weapons ban, in most of the country, you could buy a military derivative semiauto weapon of equal efficacy as the so-called banned weapons.

In TX, I could buy and did a perfectly fine AR and put an Eotech on it. So I couldn't have a bayonet or grenade launcher.

New standard (high - ) cap mags were not for purchased by civilians. But if you wanted to - you could get older ones at a terrible price.

In any case :

1. I'd bet against a new ban
2. Don't panic or go to live with the goats in the mountains yet.

 

[MGshaggy]

The idea is, I could buy as many rifles as possible right now, and perhaps turn a profit later on with private sales.

Could this work?

Assuming any new AWB didn't prohibit further transfers (as was the case in 1994), yes. That, however, could be a big assumption. An outright confiscatory ban would be next to impossible to pull off, but AW's (such as those statutorily defined in the 1994 ban) could be regulated under the NFA-type registration & transfer scheme (with an amnesty on the initial registration tax), or you could simply be stuck with what you have with further transfers prohibited. Without the text its hard to say, but I would anticipate the next one to be at least as bad as '94, and I fully expect them to try to get at least a mag ban through.

My advice - buy what you want for you own enjoyment and don't expect to sell it off later for a profit. Guns are generally a poor investment vehicle. In fact, you should buy what you want for you own enjoyment and hope you lose value in that 'investment' (due to declining prices from an increased supply).

Under other chicanery some shotguns like the Streetsweeper were reclassified as destructive devices requiring registration and the background checks and $200 tax like machine guns

.

That had exactly nothing to do with the 1994 AWB. The AWB had provisions regulating shotguns with certain features as "semi-automatic assault weapons", but the reclassification of the USAS and Striker, was done almost six months prior to the enactment of the 1994 AWB. As for "chicanery" I suggest reading the federal statutes; the reclassification was entirely within the law and discretion of the Sec. of the Treasury and the authority to do so had been in the law since GCA'68 (IIRC). Moreover, there was no tax due on the initial registration if registered in a timely fashion.