“Biden will call on the ATF to develop a new rule requiring anyone who makes any profit by selling firearms to possess an FFL. Guns tend to increase in value over time. A gun purchased in 1980 will likely sell for more money today than its original value…
The rule, currently in draft form, is expected to be announced later this year. The announcement will be followed by a public comment period. The Biden administration aims to reveal the final rule by late spring or early summer of 2024 and for it to go into effect by the fall of next year. The rule is still in the early stages of development, so the timeline is subject to change.”