Surge Of Gun Silencer Sales Reported In Advance Of New Federal Rule

Gun retailers report a surge in the sale of gun silencers ahead of a new round of federal regulations aimed creating roadblocks for popular ways of purchasing the gun accessories, the Wall Street Journal reports. Luis Rose, owner of Sterling Arsenal, a gun shop and manufacturer in Sterling, Va., said that by the end of January, he sold half the year's inventory of one of the most popular silencer brands. Rose said he typically sells about $100,000 of those silencers a month, but so far has sold about six times that. ?Rose predicts sales of silencers, which generally run between $800 and $1,200, will be “gangbusters” until at least the early summer, when the new rule takes effect. The National Firearms Act of 1934 requires that people who want to buy a silencer get approval from a local law-enforcement agent.
To sidestep such approval, many buyers have used a loophole for the past decade by setting up legal entities called trusts, which don't require law-enforcement signoff. A ?silencer ?registered to an individual ?may be used only by that person.? Trusts allow a group of people to share access to guns and accessories, and freely exchange them among themselves. The Bureau of Alcohol, Tobacco, Firearms & Explosives said 111,599 trusts for silencers and other firearms covered under the 1934 law were set up in 2014. That was up sharply from? the 13,710 trusts? approved? in 2009. The new regulation requires members in a new trust to submit fingerprints and photos to federal authorities, and undergo a full federal background check.

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