Someone correct me if I'm wrong here:
IIRC While not banned per se, they are heavily regulated by the BATFE (as Class III weapons).
****Someone correct me if I'm wrong here: IIRC While not banned per se, they are heavily regulated by the BATFE (as Class III weapons).****
No you are correct, they are legal - by Federal Law.
As to "heavily regulated", I guess that would be a good description, depending on ones definition of 'heavily'. To me yes, to someone else no.
But one thing is for sure, it's gotten GD expensive to obtain, keep and use the Class III License from our friends at BATFE. The transfer tax for each weapon is through the roof now.
And the other problem is that the states themselves are banning Class III firearms. Here in IL I used to be able to have them, but no more (dam gun grabbing Daley). Ironically in Kalifornia they still are legal (IIRC). I have the 2004 book from BATFE (laws & regs) and could look it up but I'm lazy today :-)
Anyway, you were correct they're legal as far as the "G" is concerned.