The ATF is backpedaling from its previously proposed ban on M855 which was met with 80,000+ online comments and bipartisan criticism from congress.
Here is their latest statement, emphasis on “ATF will not at this time seek to issue a final framework.”
Notice to those Commenting on the Armor Piercing Ammunition Exemption Framework
Thank you for your interest in ATF’s proposed framework for determining whether certain projectiles are “primarily intended for sporting purposes” within the meaning of 18 U.S.C. 921(a)(17)(C). The informal comment period will close on Monday, March 16, 2015. ATF has already received more than 80,000 comments, which will be made publicly available as soon as practicable.
Although ATF endeavored to create a proposal that reflected a good faith interpretation of the law and balanced the interests of law enforcement, industry, and sportsmen, the vast majority of the comments received to date are critical of the framework, and include issues that deserve further study. Accordingly, ATF will not at this time seek to issue a final framework. After the close of the comment period, ATF will process the comments received, further evaluate the issues raised therein, and provide additional open and transparent process (for example, through additional proposals and opportunities for comment) before proceeding with any framework.
This is just a little victory against anti-gunners, and I’m sure more proposed legislation is in the works. But for now, I’ll take the victory and not feel sorry for the M855 hoarders/scalpers, although it might take 6+ months for prices to come back down. In the meantime, check out 5.56 alternatives in our Best Ammo article and the neglected M2 AP .30 caliber round.