I LIKE THIS PART !
NFA firearm or is listed as the transferee on an application to transfer an NFA firearm.* (emphasis added). Accordingly, it would not apply to existing entities, which have already had NFA firearms approved to that entity. This was also confirmed by Attorney Robert Merting during his call with ATF Attorney Brenda Friend (the same individual all comments are to be directed to). He states, *Ms. Friend specifically confirmed that the rule would not be retroactive and those transactions already approved will stand.*
This right here rocks!