H.R. 335 would repeal the National Firearms Act; referred to House Ways and Means
Federal bill HR 335 — status: in committee
Official title: Repeal the NFA Act
What it does
H.R. 335 is a 119th-Congress bill that would repeal the National Firearms Act of 1934. Repeal would remove the NFA's federal registration, transfer-tax, and related criminal provisions that currently apply to machineguns, short-barreled rifles and shotguns, silencers/suppressors, and other NFA items. The bill was introduced and referred to the House Committee on Ways and Means on January 13, 2025.
Industry impact
If enacted, repeal would eliminate federal NFA transfer taxes and the ATF registration and approval framework that governs NFA items, substantially changing required paperwork and approval steps for transfers and manufacturing. Dealers and manufacturers that produce or sell current NFA-regulated items could see reduced compliance burdens and expanded market access, while businesses built around NFA workflows (trust services, SOT tax filings, specialized inventory controls) would need to change operations and pricing. The change would also affect recordkeeping, inventory classification, and internal policies tied to NFA compliance; businesses should plan for operational and financial adjustments if repeal becomes likely.
Latest official status: Referred to the House Committee on Ways and Means.
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Plain-English coverage generated with AI assistance and reviewed by our team. General information, not legal advice.