It’s going to get a lot easier to export some firearms from the US due to a new Trump administration rule

  • Source: CNBC
  • by:
WASHINGTON — In a move aimed at boosting the sale of U.S. firearms and ammunition abroad, the Trump administration has eased regulations on some commercial firearms exports.

American manufacturers will have fewer registration requirements in order to obtain an export license, as the State Department moved jurisdiction of certain firearms sales to the Commerce Department. The change, announced last week, was entered into the Federal Register on Thursday. It will be effective March 9.

The long-delayed rule change, which began under the Obama administration, is intended to lower costs for U.S. gun-makers such as American Outdoor Brands Corp. and Sturm, Ruger and Co., while refocusing regulatory attention on weapons sales that could pose national security risks.

For example, under the Arms Export Control Act, the State Department must disclose any commercial arms sale worth $1 million or more to Congress for review. The Commerce Department has no such requirement.
Source: CNBC

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