"Biden Administration Implements Expanded Background Checks for Gun Shows and Online Sales"

The Biden administration has finalized a rule aimed at closing the "gun show loophole" by requiring individuals who sell firearms online and at gun shows to conduct background checks on potential customers. The rule redefines what it means to be "engaged in the business" of selling firearms, aiming to regulate the market and increase compliance with federal background check requirements. The new rule, set to go into effect in 30 days, clarifies the definition of engaging in the business of firearms dealing and provides guidance for individuals with personal firearms collections and for Federal Firearms Licensees going out of business.