[norton]

(I) A PISTOL GRIP;
...
(IV) A SHROUD ATTACHED TO THE BARREL, OR THAT PARTIALLY OR COMPLETELY ENCIRCLES THE BARREL, ALLOWING THE BEARER TO HOLD THE FIREARM WITH THE NON-TRIGGER HAND WITHOUT BEING BURNED, BUT EXCLUDING A SLIDE THAT ENCLOSES THE BARREL;

"pistol grip" and "shroud" would be interpreted to cover an M1A1 and an M1 carbine. Note also that they propose increased penalties if the citizen owns two to nine other Non prohibited firearms.

On the other hand, there apparently is a grandfather clause under tight restrictions (some of which are not clear in the proposed act...it's at para. S3)

[wtc911]

On the other hand, there apparently is a grandfather clause under tight restrictions.

+++++++++++++++++++++++++++++++++++++++++

Nope. It says that they must be turned in, destroyed or rendered inoperable, even if they were legally owned prior to January 2014.