Is it legal to build your own full auto gun with a Class III license?

No, what is being stated here is that if the weapon in question is foreign and registered as NFA, then the other restrictions are trumped and no longer required.
 
To make an "assault weapon"....

Fill out a form 1 stating your intentions. Get the CLEO signature, Pay the tax.

when it gets back:

buy the Parks kit (say a AK-47/SEMI-AUTO ONLY)
bend/machine/forge the receiver yourself
slap in the parts and the Short-bbl (making it NFA)

engrave the serial number you designed/devised.

shoot the piss out of it. Its legal.

CR 922 says that you have to have so many US made parts in your assult weapons (at least 10 I believe - non-NFA). There is no law (that I know of) that limits a SBR/SBS.

Unless you have a 07 FFL/C2 SOT status (FFL = 150.00/3 years & SOT=500/year) you cannot make or convert a SMG! Even then you can only make them for R&D. You CANNOT make them, even with an SOT, for the sole purpose of personal shooting! They HAVE to be made for sale or for R&D. These are called post-sample machine guns, and have to be sold to Law Enforcement or Military UNITS or to other SOT's with a special letter.

You can obtain the FFL/SOT from your home. FFLs used for gunsmithing and internet sales do not require the storefront properties. The BATF&E do NOT want people selling guns from their home... not retail at least.

A C3 Sot cannot make or import - just sell, a C2 sot can make and sell, cannot import. An Importer can Import and Sell, but not make. home this helps.
 
CR 922 says that you have to have so many US made parts in your assult weapons

There is no such thing as an assault weapon. The bogus term created by the democrats in the 1994 "semi-Automatic Assault Weapon Ban" ceased to exist when the law expired in 2004.

There are however, firearms that do not meet the "sporting clause" of the '68 CGA and are therefore not legal for import for civilians. These are the firearms that 922(r) is talking about. ATF has ruled that one way around 922(r) is to create an NFA firearm out of the import, which by definition isn't a sporting firearm.
 
Correct!!!

That is a great quote BTW!!! Nice play on words!

I use the term Assault Weapon loosly... Although technically the term no longer applies, it still serves to 'relate' particular weapons to a set catagory that the 922r governs.

Although there is 'rumored' that our glorious congress has a bill on their docket that would not only re-inact the AW Ban, but also add an additional 30+ weapons to the list, and this time make it perm. If Hillary or Roody gets office this comming term its a pretty safe bet that this law will pass. Both are VERY anti-gun. Out of all the candidates the most firearm friendly one would have to be MaCain. The only down side to him is he flip-flops his views. I Just hope the NRA, as hard working as they are, are prepaired to step up their game in the comming few months. :mad:
 
Out of all the candidates the most firearm friendly one would have to be MaCain

You must be joking. You can't honestly think that McCain is more pro gun than Hunter, Thompson, Tancredo etc... Remeber the McCain Fiengold debacle? A clear violation of the 1st amendment. Sorry but McCain would sell out gun owners as fast as he could if he thought it would get him anywhere. Hell, he even considered becoming a running mate with Kerry.
 
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