August 6, 2010 (WASHINGTON, DC) – The United States Senate passed a major piece of pro-sportsmen legislation yesterday to help firearm and ammunition manufacturers grow business and help strengthen wildlife conservation funding.
The Senate, by unanimous consent, passed H.R. 5552 the “Firearms Excise Tax Improvement Act of 2010” or so-called FAET legislation sponsored in the U.S. House of Representatives by Congressional Sportsmen's Caucus (CSC) Member and former Co-Chair Rep. Ron Kind. If signed into law, this legislation will allow firearms and ammunition manufacturers to pay excise taxes quarterly as opposed to the current bi-weekly schedule. The bill passed the U.S. House last month by an overwhelming 412-6 vote.








