Yes, it's time to panic. Literally texting Hansohn Bros right now. BUY NOW. Contact Hansohn, they are moving quick to get paperwork in. I'm putting my money where my mouth is. I'm told this may take a few weeks to implement.
If there is something local on a Form 4 that you want and you don't want to deal with CLEO sign off, BUY IT NOW. If you have an anti NFA CLEO and don't live in a shall sign state, buy what you want that is available on a Form 4 locally and do it NOW.
From Obama's press conference scheduled for tomorrow
Require background checks for people trying to buy some of the most dangerous weapons and other items through a trust or corporation. The National Firearms Act imposes restrictions on sales of some of the most dangerous weapons, such as machine guns and sawed-off shotguns. But because of outdated regulations, individuals have been able to avoid the background check requirement by applying to acquire these firearms and other items through trusts, corporations, and other legal entities. In fact, the number of these applications has increased significantly over the years—from fewer than 900 applications in the year 2000 to more than 90,000 applications in 2014. ATF is finalizing a rule that makes clear that people will no longer be able to avoid background checks by buying NFA guns and other items through a trust or corporation.