1 00:00:00,080 --> 00:00:04,360 Speaker 1: Could the congressional shooting yesterday in Alexandria, Virginia reignite the 2 00:00:04,400 --> 00:00:07,320 Speaker 1: gun debate? So there hasn't been any big news about 3 00:00:07,400 --> 00:00:11,000 Speaker 1: pro gun legislation since President Trump took office, you may 4 00:00:11,000 --> 00:00:14,120 Speaker 1: be surprised to know that there has been activity under 5 00:00:14,120 --> 00:00:17,720 Speaker 1: the radar. Bloomberg business Week editor Paul Barrett has written 6 00:00:17,720 --> 00:00:21,040 Speaker 1: about it, and he joins us. Now, Paul, let's start 7 00:00:21,079 --> 00:00:25,400 Speaker 1: with this internal white paper from the number two official 8 00:00:25,520 --> 00:00:28,960 Speaker 1: at the a t F. Right So, this was an 9 00:00:29,000 --> 00:00:32,479 Speaker 1: internal memo day to January twenty day, the day that 10 00:00:33,479 --> 00:00:37,519 Speaker 1: President Trump took office, and it's basically provided the new 11 00:00:37,560 --> 00:00:42,720 Speaker 1: administration with a variety of potential de regulatory steps that 12 00:00:42,800 --> 00:00:45,320 Speaker 1: the a t F could take in the opinion of 13 00:00:45,320 --> 00:00:49,519 Speaker 1: the number two official, a guy named Ron turk Um. 14 00:00:49,560 --> 00:00:52,879 Speaker 1: And among those steps that he discussed was the relaxation 15 00:00:53,560 --> 00:00:58,760 Speaker 1: of regulation of silencers um A, an easing of the 16 00:00:58,880 --> 00:01:02,040 Speaker 1: oversight of gun dealers who were found to have the 17 00:01:02,040 --> 00:01:06,480 Speaker 1: guns they sold turning up at crime scenes, and other 18 00:01:06,560 --> 00:01:09,280 Speaker 1: similar things. In other words, moving in a direction that 19 00:01:09,319 --> 00:01:11,600 Speaker 1: you generally think the A t F would not want 20 00:01:11,640 --> 00:01:15,720 Speaker 1: to go in. So does that indicate that he's the 21 00:01:15,760 --> 00:01:18,160 Speaker 1: number two right now? There's no there's no number one 22 00:01:18,160 --> 00:01:21,200 Speaker 1: at the A T right now. So does that indicate 23 00:01:21,240 --> 00:01:23,959 Speaker 1: that that's the direction that they're going to take. It's 24 00:01:24,000 --> 00:01:26,400 Speaker 1: ambiguous because when I called the A t F to 25 00:01:26,440 --> 00:01:28,400 Speaker 1: ask them, they said, well, that was just his opinion. 26 00:01:28,440 --> 00:01:30,440 Speaker 1: On the other hand, it was put together in a 27 00:01:30,520 --> 00:01:34,160 Speaker 1: very formal looking memo that said not for public distribution, 28 00:01:34,680 --> 00:01:38,800 Speaker 1: and in a in a house hearing. Uh. Turk himself 29 00:01:38,840 --> 00:01:41,120 Speaker 1: described the memo as just a collection of ideas that 30 00:01:41,160 --> 00:01:43,480 Speaker 1: have been floating around for a while that they thought 31 00:01:43,560 --> 00:01:46,720 Speaker 1: the new administration might be interested in. Now, the new administration, 32 00:01:46,760 --> 00:01:50,480 Speaker 1: of course, is very well known for its de regulatory inclinations, 33 00:01:50,520 --> 00:01:52,920 Speaker 1: so that would seem to indicate that this was more 34 00:01:52,960 --> 00:01:57,560 Speaker 1: than just a neutral exercise. And you talked to David Chipman, 35 00:01:57,600 --> 00:01:59,560 Speaker 1: a retired a t F AG and who's now a 36 00:01:59,640 --> 00:02:03,000 Speaker 1: senior policy adviser to the gun control group Americans for 37 00:02:03,040 --> 00:02:06,000 Speaker 1: Responsible Solutions, and he said that a number of the 38 00:02:06,040 --> 00:02:09,359 Speaker 1: turks of the proposals in that white paper are major 39 00:02:09,520 --> 00:02:13,640 Speaker 1: line items for the gun industry. Why are those line items, Well, 40 00:02:13,960 --> 00:02:18,480 Speaker 1: let's take the silencer one just as an example. Uh, 41 00:02:18,680 --> 00:02:21,239 Speaker 1: The gun industry, like like all industries, wants to sell 42 00:02:21,280 --> 00:02:24,520 Speaker 1: not only its main product, the firearms, but also accessories 43 00:02:24,560 --> 00:02:27,480 Speaker 1: like like a silencer. There are, of course millions and 44 00:02:27,520 --> 00:02:31,720 Speaker 1: millions of guns of handguns in the hands of civilians today. 45 00:02:31,760 --> 00:02:34,120 Speaker 1: If every one of them was able to buy a 46 00:02:34,160 --> 00:02:37,240 Speaker 1: silencer at at a hundred dollars or two hundred dollars 47 00:02:37,240 --> 00:02:38,800 Speaker 1: a pop, that would be a lot of revenue for 48 00:02:38,800 --> 00:02:42,560 Speaker 1: the gun industry. Now you have and along those lines, 49 00:02:42,560 --> 00:02:45,359 Speaker 1: you have Republicans in both houses, and then, as you mentioned, 50 00:02:45,400 --> 00:02:49,400 Speaker 1: a president who got thirty million dollars in campaign support 51 00:02:49,440 --> 00:02:51,440 Speaker 1: from the n r A. So it's the perfect time 52 00:02:51,480 --> 00:02:54,640 Speaker 1: for pro gun legislation, it seems. Let's talk about a 53 00:02:54,680 --> 00:02:59,080 Speaker 1: bill related to that, remarkably called the Hearing Protection Act, 54 00:02:59,320 --> 00:03:02,720 Speaker 1: right this would be the legislative approach, uh sort of 55 00:03:02,720 --> 00:03:05,640 Speaker 1: analog to to what was has been proposed within the 56 00:03:05,680 --> 00:03:08,400 Speaker 1: A t F and Hearing Protection Act would make it 57 00:03:08,520 --> 00:03:11,240 Speaker 1: just as easy to buy a silencer as it is 58 00:03:11,280 --> 00:03:13,240 Speaker 1: to buy a gun. Right now, it's actually much more 59 00:03:13,280 --> 00:03:15,320 Speaker 1: difficult to buy a silencer than it is to buy 60 00:03:15,639 --> 00:03:17,680 Speaker 1: a firearm. You have to wait eight or nine months, 61 00:03:17,720 --> 00:03:19,799 Speaker 1: get special a t F approval, and you have to 62 00:03:19,800 --> 00:03:23,000 Speaker 1: pay a special two tax in order to to to 63 00:03:23,280 --> 00:03:26,760 Speaker 1: get a silencer. This would would sweep those requirements away 64 00:03:27,200 --> 00:03:32,119 Speaker 1: and would make if the silencer purchaser purchaser, UH all 65 00:03:32,280 --> 00:03:34,520 Speaker 1: you'd have to do to to buy the silencer would 66 00:03:34,520 --> 00:03:37,880 Speaker 1: be to pass the instant FBI background check and you'd 67 00:03:37,880 --> 00:03:40,480 Speaker 1: be walking out out the door. Because is there any 68 00:03:40,560 --> 00:03:45,000 Speaker 1: reason to use a silencer unless you are intending to 69 00:03:45,040 --> 00:03:48,560 Speaker 1: commit a crime? Well, UM gun officionados would tell you 70 00:03:48,560 --> 00:03:50,760 Speaker 1: that if you're out hunting or you're at the shooting 71 00:03:50,880 --> 00:03:54,400 Speaker 1: range target shooting, that you'd use You want to use 72 00:03:54,440 --> 00:03:57,320 Speaker 1: a silencer for the same reason that up till now, 73 00:03:57,840 --> 00:04:02,680 Speaker 1: UM smart gun owners use earplugs. But this would further 74 00:04:02,720 --> 00:04:05,520 Speaker 1: protect your hearing. And I think there's some truth to that. 75 00:04:05,560 --> 00:04:10,520 Speaker 1: I think some law abiding UH gun owners already used silencers. 76 00:04:10,560 --> 00:04:13,640 Speaker 1: But of course, the reason that silencers UM were so 77 00:04:13,760 --> 00:04:15,920 Speaker 1: have are so heavily regulated dates all the way back 78 00:04:15,960 --> 00:04:19,400 Speaker 1: to the Depression era when they were associated with gangsters 79 00:04:19,400 --> 00:04:22,000 Speaker 1: and assassins and so forth, and so they have a 80 00:04:22,040 --> 00:04:25,080 Speaker 1: kind of a dual purpose, just like just like firearms themselves, 81 00:04:25,080 --> 00:04:27,720 Speaker 1: can be used recreationally or they can be used for 82 00:04:27,720 --> 00:04:29,520 Speaker 1: for for bad ends. I always see them in the 83 00:04:29,560 --> 00:04:33,000 Speaker 1: movies being used by the bad guys. Now, then there's 84 00:04:33,080 --> 00:04:38,240 Speaker 1: the Constitutional Concealed Carry Reciprocity Act, Right, so all fifty 85 00:04:38,320 --> 00:04:42,960 Speaker 1: states now allow gun owners under certain circumstances and sometimes 86 00:04:43,040 --> 00:04:47,320 Speaker 1: with a permit, to carry a gun concealed in public. Um. 87 00:04:47,400 --> 00:04:50,440 Speaker 1: But the rules vary from state to state. And this 88 00:04:50,520 --> 00:04:54,000 Speaker 1: act would would say that if you have a permit 89 00:04:54,120 --> 00:04:56,200 Speaker 1: in your home state, you can then take your gun 90 00:04:56,240 --> 00:04:59,200 Speaker 1: into any other state across state lines, and you would 91 00:04:59,200 --> 00:05:02,480 Speaker 1: be able to do that legally, even if the requirements 92 00:05:02,520 --> 00:05:05,400 Speaker 1: in the state you're traveling to are are more strict 93 00:05:05,400 --> 00:05:07,680 Speaker 1: than they are in your home state. UM. So it 94 00:05:07,680 --> 00:05:12,640 Speaker 1: would just facilitate the movement of firearms around the country, uh, 95 00:05:12,680 --> 00:05:15,680 Speaker 1: and make it easier for for gun owners to carry 96 00:05:15,720 --> 00:05:18,720 Speaker 1: their guns. And does states have a say in it? 97 00:05:18,960 --> 00:05:21,320 Speaker 1: And if you're carrying in the wrong you know, the 98 00:05:21,400 --> 00:05:25,960 Speaker 1: wrong way, and let's say New York, and can they 99 00:05:26,040 --> 00:05:29,479 Speaker 1: arrest you? Can they charge you? Well? Right now, a 100 00:05:29,560 --> 00:05:33,520 Speaker 1: gun owner in theory would be in some peril of 101 00:05:33,600 --> 00:05:37,160 Speaker 1: carrying a gun concealed outside of their home state if 102 00:05:37,200 --> 00:05:41,440 Speaker 1: their home state doesn't have an individual reciprocity agreement um 103 00:05:41,440 --> 00:05:44,240 Speaker 1: with the state that they're going to. But under this legislation, 104 00:05:44,360 --> 00:05:46,520 Speaker 1: that fear would be erased because if you had a 105 00:05:46,600 --> 00:05:49,559 Speaker 1: legitimate permit from your home state, you'd be all set. 106 00:05:50,360 --> 00:05:53,400 Speaker 1: And Trump has also besides we've heard about all his 107 00:05:53,480 --> 00:05:58,039 Speaker 1: deregulatory steps with other in other areas, he's also been 108 00:05:58,040 --> 00:06:01,520 Speaker 1: taking deregulatory steps or by the n r A, which 109 00:06:01,560 --> 00:06:03,760 Speaker 1: we haven't heard that much about. Right there's been a 110 00:06:03,800 --> 00:06:05,840 Speaker 1: couple of these things that he's been able to do 111 00:06:05,920 --> 00:06:10,520 Speaker 1: by signing legislation that rolled back regulations that were put 112 00:06:10,560 --> 00:06:14,159 Speaker 1: in place by the Obama administration. The Obama administration restricted 113 00:06:14,600 --> 00:06:18,159 Speaker 1: the circumstances under which certain people with mental illness could 114 00:06:18,160 --> 00:06:22,600 Speaker 1: acquire guns. That's now been been erased, uh somewhat more 115 00:06:23,400 --> 00:06:27,040 Speaker 1: narrow gauge regulation and had to do with hunting in 116 00:06:27,440 --> 00:06:30,839 Speaker 1: federal on federal land in Alaska where restrictions were put 117 00:06:30,839 --> 00:06:34,560 Speaker 1: in place hunting of bear, for example. That's that's been 118 00:06:34,600 --> 00:06:36,680 Speaker 1: a race. So you can go up to Alaska and 119 00:06:36,680 --> 00:06:38,920 Speaker 1: and and shoot some bear on federal land if that's 120 00:06:38,920 --> 00:06:41,440 Speaker 1: what you want to do from an airplane and including 121 00:06:41,480 --> 00:06:46,760 Speaker 1: from an airplane. Yes, just briefly, about thirty seconds, are 122 00:06:46,800 --> 00:06:53,599 Speaker 1: the gun control lobbies other gun control groups doing anything well? 123 00:06:54,120 --> 00:06:57,960 Speaker 1: Right now, the debate has been relatively muted. I would 124 00:06:58,000 --> 00:07:01,600 Speaker 1: say since since Trump took office. We'll see what happens 125 00:07:01,640 --> 00:07:06,240 Speaker 1: in the wake of this congressional baseball practice shooting. But 126 00:07:06,360 --> 00:07:08,320 Speaker 1: even in but even in the in the wake of that, 127 00:07:08,360 --> 00:07:11,480 Speaker 1: there hasn't been the kind of outcry that you might have, uh, 128 00:07:11,520 --> 00:07:14,280 Speaker 1: you might have expected. I think people may be fatigued 129 00:07:14,360 --> 00:07:17,040 Speaker 1: over over this debate, or they may have such a 130 00:07:17,080 --> 00:07:19,920 Speaker 1: strong sense of where Trump stands on it that that 131 00:07:20,000 --> 00:07:24,000 Speaker 1: they're discouraged from partaking in the debate. Such an interesting article, 132 00:07:24,040 --> 00:07:27,440 Speaker 1: because really it has been under the radar. We appreciate 133 00:07:27,560 --> 00:07:30,760 Speaker 1: you being here, as oways. That's Paul Barrett, Bloomberg business 134 00:07:30,800 --> 00:07:34,400 Speaker 1: Week editor, and to read more of Paul's articles, you 135 00:07:34,400 --> 00:07:37,680 Speaker 1: can go to Bloomberg business Week, which has been relaunched 136 00:07:37,720 --> 00:07:40,160 Speaker 1: with a new look, a new set of digital products, 137 00:07:40,200 --> 00:07:45,000 Speaker 1: and new editorial features. It's very snazzy. Thanks so much 138 00:07:45,080 --> 00:07:48,320 Speaker 1: for listening to Bloomberg Law. We'll be back tomorrow at 139 00:07:48,320 --> 00:07:51,360 Speaker 1: one pm Wall Street time. Thanks to our producer David 140 00:07:51,440 --> 00:07:55,880 Speaker 1: Suckerman and our technical director Chris try Comy. You can 141 00:07:55,920 --> 00:07:58,240 Speaker 1: always find the latest legal news at Bloomberg Law dot 142 00:07:58,240 --> 00:08:01,200 Speaker 1: com and Bloomberg na dot com. Coming up next, Bloomberg 143 00:08:01,200 --> 00:08:03,960 Speaker 1: Markets with Carol Master and Corey Johnson. This is Bloomberg