There was back in 1934.tacticool wrote:....it's absurd not to require the same for trustees and beneficiaries of NFA trusts. The same holds true for officers of a corporation on a Form 1 or Form 4. There's no legitimate purpose for those loopholes.
In 1934, it was commonplace for mining companies, banks, armored car companies, "The Pinkertons", steel mills, and many other large corporations to maintain access to NFA weapons. There was no national means of doing background checks back then, so corporations and trusts had a legitimate need and the act would not have passed if they opposed the bill.
Remember, back then, the purpose was to keep these guns from the Dillinger's of the world. Legitimate owners simply paid a $200 tax stamp.