Gun makers may get their Trump bump, with a sting

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Gun makers may get their Trump bump, with a sting
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What do President Donald Trump, gun-control advocates and investors in firearms makers have in common? All stand to benefit from the passage of a law designed to keep lethal weapons out of dangerous hands, says johnsfoley

Democrats voted on Sept. 10 to approve measures that, if approved by Congress, would make it easier to take firearms away from people convicted of hate crimes and those deemed to be a risk to communities and themselves, and ban the sale of high-capacity ammunition magazines.

A bill passed by the lower house in February would close the loophole that exempts private sales from background checks. Licensed retailers must already subject customers to background checks. The bill has yet to be considered by the Senate. Mitch McConnell, the lead Republican in the upper house, said on Sept. 10 that he was waiting for the White House to propose legislation that President Donald Trump would be prepared to sign.

New Jersey’s governor signed an order on Sept. 10 that would vet suppliers of firearms and ammunition, as well as financial services companies, according to “public safety principles”. Companies who wish to sell to state entities would be weighed on their commitment to responsible gun sales, including whether they screen for “straw purchasers” buying firearms on behalf of people who might otherwise fail background checks.

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