TexasCHLforum.com

G.A. Heath wrote:

surprise_i'm_armed wrote:This is a nefarious plan by the gun dealers of Nevada, Colorado, Oklahoma, Arkansas, and Louisiana
to increase their sales volumes! :-)

By the way, even though paperwork may be filed, there can be no effect if no ATF types are following up.
Some years ago, the Feds required banks to file documents whenever anyone made a deposit = or > $10,000 in cash.
They stumbled across a money launderer during a criminal investigation. He had routinely been making deposits big
enough to have these documents filed.

The banks he was using were filing all the proper documentation - but nobody was monitoring the paperwork!!
I'd like to think the same thing will happen with the new paper trail. Of course the NRA lawsuit may stop this, but later.

SIA

Just to prove how they are working on that incrementalism, the minimum amount to trigger reporting a check to the feds is now $1,000. I suspect it to be the same for EFT and cash amounts as well.