Some of the highlights include closing the background check loophole at gun shows (where a private seller operating at a gun show did not previously have to perform a background check, nor did they have to operate at a licensed FFL), as well as closing a similar loophole for sales on the 'internet' (I would guess he means Armslist.com etc, but there probably aren't a lot of business sellers in these sites that don't already have an FFL).

He also wants to close loopholes whereby people are buying 'Destructive weapons' (live grenades, fully automatic weapons, miniguns, RPGs, etc.) This is probably going to not have much effect, since the idea that criminals are somehow infiltrating these trusts to supply their enterprise is a little far-fetched, but it probably won't hurt anything. These permits are already outlandishly expensive (if I remember correctly, it's going to be around $3000 by the time you're done), and those who hold the permits do not wish to lose them and face prosecution.

But here's something that is actually going to help and would have prevented Dylan Roof from obtaining a firearm (which I pointed out here). He's actually going to hire people to do the processing of background check applications in a timely manner and he's going to update the system with which checks are run.

And something that has been requested from the right for a long time has been what he has proposed today; applying the laws which are already on the books by hiring 200 ATF agents to investigate lost and stolen guns.

He also mentions a very important statistic a few times. 30,000 people die a year from gun violence, and 20,000 are from suicide. So that's a huge spread.

There is a huge vague statement in that mental health records will be submitted to background check systems. That really needs to be clarified. As in, are you going to be depressed when you're a teen and then blacked out for life? That's going to prevent a lot of kids from reporting mental illness so that's going to be interesting to see how that pans out.

I would not mind seeing fingerprint and GPS tech on a firearm, though I do suspect that this will be a very expensive technology, which will prevent it from going forward.

So that's my take on what the man said. I'm a gun owner, I'm a Libertarian, and this doesn't seem outlandish or gun-grabbing tyranny. Take it for what you will.

This is what the ATF put out to describe who will need a FFL in the future. It looks like anyone who buys and sells guns repeatedly will need an FFL. Seems fair to me. But they don't set a line in the sand on that, so someone is going to sue over the first definition of repeatedly.

For me, regular gun owner guy, it won't matter. I can continue to sell a gun to someone when I want to, as long as my goal is not making a profit in a long term repetition of the buying/selling process. Makes sense.