The National Shooting Sports Foundation's Larry Keane was on the Bill Bennett show this morning and confirmed what Sebastian wrote last night, that today's announcement will pretty much be for "public consumption" but not much substance. Keane said NSSF is still pouring over what has been released but it does not appear to be much more than what is already being done or had already been proposed. He also confirmed what was written here yesterday, that it is a reversal of the Clinton era of trying to reduce the number of FFLs. He said the announcement is just "window dressing" that will do nothing to address the issue the President claims to want to address - "gun violence" and shows a failure of leadership.
Keane did say there is one provision the industry does have an issue with the lost and stolen provision (also mentioned here yesterday). He said holding dealers responsible for something not in their inventory (i.e. if it is lost in transit from the manufacturer to the distributor to the dealer) makes no sense.
Keane and Bennett rhetorically asked "after all the hype, is this all there is?"