Following is a summary of the 2013 legislation:
• Bans the sale, transfer, importation, or manufacturing of:
• 120 specifically-named firearms
• Certain other semiautomatic rifles, handguns, shotguns that can accept a detachable magazine and have one military characteristic
• Semiautomatic rifles and handguns with a fixed magazine that can accept more than 10 rounds
• Strengthens the 1994 Assault Weapons Ban and various state bans by:
• Moving from a 2-characteristic test to a 1-characteristic test
• Eliminating the easy-to-remove bayonet mounts and flash suppressors from the characteristics test
• Banning firearms with “thumbhole stocks”? and “bullet buttons”? to address attempts to “work around”? prior bans
• Bans large-capacity ammunition feeding devices capable of accepting more than 10 rounds.
• Protects legitimate hunters and the rights of existing gun owners by:
• Grandfathering weapons legally possessed on the date of enactment
• Exempting over 900 specifically-named weapons used for hunting or sporting purposes and
• Exempting antique, manually-operated, and permanently disabled weapons
• Requires that grandfathered weapons be registered under the National Firearms Act, to include:
• Background check of owner and any transferee;
• Type and serial number of the firearm;
• Positive identification, including photograph and fingerprint;
• Certification from local law enforcement of identity and that possession would not violate State or local law; and
• Dedicated funding for ATF to implement registration
My instant, inexpert analysis: this is DOA, due especially to the sections I bolded above. I doubt even the Democrats in the Senate will pass this, let alone the House Republicans. I wouldn't be surprised if Reid (who has an NRA "A" rating) doesn't even give it a floor vote. The registration in particular is laughable since congress has already made registration illegal, and many state legislatures prohibit it too.
Summary: This is just rank, opportunistic political grandstanding by a known opponent of economic and personal liberty and is nothing to worry about.