New definition of "Engaged in the Business"
Posted: Wed Jun 22, 2022 3:34 pm
Current definition explicitly excludes anyone who has a daytime job. The proposed definition would seem to require an FFL for even casual buying & selling to groom your collection, if the values increased. Per the draft Senate bill, the new definition of "engaged in the business" of selling & buying firearms is:
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Full Draft text is posted at:19 SEC. 12002. DEFINING ‘‘ENGAGED IN THE BUSINESS’’.
20 Section 921 of title 18, United States Code, is
21 amended—
22 (1) in paragraph (21)(C), by striking ‘‘with the
23 principal objective of livelihood and profit’’ and in
24 serting ‘‘to predominantly earn a profit’’;
1 (2) by redesignating paragraphs (22) through
2 (29) as paragraphs (23) through (30), respectively;
3 and
4 (3) by inserting after paragraph (21) the fol
5 lowing:
6 ‘‘(22) The term ‘to predominantly earn a profit’
7 means that the intent underlying the sale or disposition
8 of firearms is predominantly one of obtaining pecuniary
9 gain, as opposed to other intents, such as improving or
10 liquidating a personal firearms collection: Provided, That
11 proof of profit shall not be required as to a person who
12 engages in the regular and repetitive purchase and disposi
13 tion of firearms for criminal purposes or terrorism
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