Again, more tyranny at the executive level.
The new law (if it’s even Constitutional), will greatly increase the cost of used firearms which is, I suspect, the intent. Per the ATFs website, the federal firearms license application process takes several months to complete and costs a significant amount of money. I feel sorry for poor people who will no longer be able to protect themselves. Way to go, obama administration, as you continue to harm those you claim to wish to help.
On top of this atrocity, the new rule is going to limit some social security recipients from gun ownership — we don’t know yet what SS recipients this pertains to, but it does seem that now if you’re over a specific age, you’re also screwed. This takes “death panels” to a whole new light with yet another bureaucracy deciding if your life is worthwhile enough to even be allow to protect yourself.