Say what? Isn't this piece of federal regulation supposed to catch the very thing that happened in regards to Jared Loughner in Arizona? It seems that Jared Lee Loughner lied on his 4473, the paperwork that EVERY SINGLE PERSON MUST FILL OUT WHEN PURCHASING A NEW GUN THROUGH A LICENSED DEALER.
And now, that bastion of state nannyism, Chuck Schumer is wishing to add more regulation. We keep adding laws and regulations in the fervent hope that the next one will be the one that solves all of society's ills. And over and over, this premise proves false.