Trump Jr.'s 'Amazon of guns' could benefit from proposed firearm rule
Yahoo Finance ·
STORY::: Archive Licensed dealers in the U.S. may soon be able to ship firearms directly to people's homes... and the shift could reap a windfall for U.S. President Donald Trump's son, Donald Trump Jr., who is a shareholder and board member at online retailer GrabAGun. :: Archive The proposed rule change at the Bureau of Alcohol, Tobacco, Firearms and Explosives would allow licensed dealers to ship firearms directly to in-state residents. That would be after undergoing an online identity verification and background check, along with a seven-day waiting period after notifying local law enforcement. Currently, online buyers must pick up firearms at physical stores and undergo in-person background checks unless they have a permit. If finalized, the rule would be among the most consequential changes to U.S. gun policy in two decades. Some gun shop owners, industry officials and gun control advocates argue it poses significant public safety and security risks. The change could benefit Trump Jr., whose shares in GrabAGun are worth around $700,000 – down from more than $5 million last year. A spokesperson for the president’s son said he had "zero involvement" in the new proposal. ATF chief counsel Robert Leider said that Trump Jr had no influence on the proposed rule, while declining to say whether the White House had any role in the proposal. The White House said it had no record or knowledge of any "interaction with the president's son on any of these topics."
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