Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Most US civilian firearms exports halted for 90 days: Commerce Department By: FOX Business October 28, 2023 at 21:55 PM EDT U.S. firearms exports have been halted for 90 days over "national security" concerns, the U.S. Department of Commerce said Friday. The United States has halted the export of most civilian firearm exports for the next 90 days, the U.S. Department of Commerce said late Friday. Citing national security reasons, the Commerce Department said the U.S. will largely stop issuing civilian export licenses and will assess the "risk of firearms being diverted to entities or activities that promote regional instability, violate human rights, or fuel criminal activities." The ban doesn’t cover around 40 countries, including Israel and Ukraine, that have a separate export agreement for firearms. SMITH & WESSON OFFICIALLY MOVES HEADQUARTERS OUT OF BLUE STATE TO TENNESSEE Global government clients must describe who will end up with the firearms and the department will return "without action" any government applications not explicitly named. CLICK HERE TO READ MORE ON FOX BUSINESSAll civilian license applications will be "held without action." GET FOX BUSINESS ON THE GO BY CLICKING HEREU.S. firearms companies like Sturm Ruger & Co., Vista Outdoor and Smith & Wesson Brands could be affected by the halt, Reuters reported. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Most US civilian firearms exports halted for 90 days: Commerce Department By: FOX Business October 28, 2023 at 21:55 PM EDT U.S. firearms exports have been halted for 90 days over "national security" concerns, the U.S. Department of Commerce said Friday. The United States has halted the export of most civilian firearm exports for the next 90 days, the U.S. Department of Commerce said late Friday. Citing national security reasons, the Commerce Department said the U.S. will largely stop issuing civilian export licenses and will assess the "risk of firearms being diverted to entities or activities that promote regional instability, violate human rights, or fuel criminal activities." The ban doesn’t cover around 40 countries, including Israel and Ukraine, that have a separate export agreement for firearms. SMITH & WESSON OFFICIALLY MOVES HEADQUARTERS OUT OF BLUE STATE TO TENNESSEE Global government clients must describe who will end up with the firearms and the department will return "without action" any government applications not explicitly named. CLICK HERE TO READ MORE ON FOX BUSINESSAll civilian license applications will be "held without action." GET FOX BUSINESS ON THE GO BY CLICKING HEREU.S. firearms companies like Sturm Ruger & Co., Vista Outdoor and Smith & Wesson Brands could be affected by the halt, Reuters reported.