Note: this post is not political, it covers ongoing legal shenanigans.
Fully automatic firearms have never been illegal in the United States on a federal level. As a matter of fact, there are over 180,000 legally owned machine guns in the country but the registry was closed in 1986 (no new machine guns can be owned by non-dealers, we simply keep trading the ones already out there). However, the internet is abuzz right now over the recent approval of a man building a machne gun on a form 1 by the BATFE.
Now there are a multitude of lawsuits out there trying to take down the Hughes Amendment (the actual clause of the 1986 FOPA that forbids the registration of new machine guns for civilians). Overnight, a simple funding request has ballooned from nothing to nearly $25,000 of the $50,000 estimated to cover court costs. It began on AR15.com, and the legal team on this effort is now accepting donations for the upcoming lawsuits. At least three lawsuits in different states will be filed immediately against the ATF:
Donations can be made here:
In the event that the registry is reopened, machine guns would plummet in price from $20,000 for an M16, to just a few hundred bucks for a converted full auto lower! Now I love me some full auto, so this could lead to things like subgun matches becoming more mainstream. I will continue monitoring this situation with high hopes. In the event that this goes somewhere, then I will take a large financial hit (as most of my investment portfolio consists of machine guns), but the needs of the many outweigh the needs of the few!