Shocked this story didn't make it on here:
http://www.cnn.com/2011/US/05/25/exploring.gun.loophole/
http://www.cnn.com/2011/US/05/25/exploring.gun.loophole/
Also hoping for a change is the National Firearms Act Trade and Collectors Association. In its filing with the firearms agency asking for a rule change, it cites the rise in interest and the lack of background checks as problematic.
The association's members want increased federal scrutiny, but they also want to completely do away with local control. They say the chief local law enforcement officers apply their authority in an arbitrary manner. Further, they claim, the popularity of gun trusts is directly related to the unwillingness of some local law enforcement officers to approve these purchases.