I think that is already the case
Posted on: October 3, 2017 at 15:28:59 CT
tigerinhogtown STL
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Under the National Firearms Act of 1934 full auto firearms are required to be registered with the ATF. In order to register, you must have a tax stamp. To obtain the tax stamp, you must pay the ATF $200. The ATF will ask for some additional paperwork including fingerprints and a photograph - basically everything they need to do a background check. In conclusion: you can own a full auto if you pay the ATF $200. They will send you a "tax stamp" to let you know it is legal for you to possess the firearm in question.
The main issue with full autos is that the registry was closed in 1986; meaning no fully automatic firearms made after 1986 can be registered. So to obtain a full auto today, you have to find a full auto made before 1986 and convince the current owner to sell it to you. The limited supply means you will pay a pretty penny for a full auto firearm today.
The other way to obtain a full auto, legally, is to obtain a "post-'86 dealer sample". The way you can that is to be an FFL and have a law enforcement organization request that you obtain a sample - maybe an MP5 - so that the law enforcement organization can evaluate the weapon(s) for possible use. After you obtain this "dealer sample" you're allowed to keep at as long as you remain a going concern (e.g. stay in business).