I've read various statutes, ATF letters and the ATF website regarding building your own handgun. I'm nowhere near serious enough to go forward, but wondering if I have this right:
IF you bought a rifle, an XYZ123 for all the parts EXCEPT the receiver, then fully disassembled it, tossed the receiver, made your own receiver, even it it was an identical copy, (again that had never been part of a rifle before,) re-assembled it without a stock, shortening the barrel to something much less, AND met the 1 hand rule, and the 75 point rule, and didn't violate any state laws, that would be a legal handgun, correct?
In contrast, taking the same XYZ123, taking the stock off, sawing off the barrel to the same length as above but using the same receiver that came with the rifle, gets you 5-10 in the federal hospitality suite and a big fine.
Do I have the basic understanding right?
If so, am I the only one who sees no logic in this rule?
IF you bought a rifle, an XYZ123 for all the parts EXCEPT the receiver, then fully disassembled it, tossed the receiver, made your own receiver, even it it was an identical copy, (again that had never been part of a rifle before,) re-assembled it without a stock, shortening the barrel to something much less, AND met the 1 hand rule, and the 75 point rule, and didn't violate any state laws, that would be a legal handgun, correct?
In contrast, taking the same XYZ123, taking the stock off, sawing off the barrel to the same length as above but using the same receiver that came with the rifle, gets you 5-10 in the federal hospitality suite and a big fine.
Do I have the basic understanding right?
If so, am I the only one who sees no logic in this rule?