Surprised this hasn't came up on the forum ... I haven't seen it and I tried searching for it.

Instead of typing everything ... this is from another post on a different forum

http://www.nraila.org/Legislation/Fe...d.aspx?id=3684

Heres a list of some of the things HR4900 would do.

Clarifies the standard for “willful” violations—allowing penalties for intentional, purposeful violations of the law, but not for simple paperwork mistakes.
Improves the process for imposing penalties, notably by allowing FFLs to appeal BATFE penalties to a neutral administrative law judge, rather than to an employee of BATFE itself.
Allows a licensee a period of time to liquidate inventory when he goes out of business. During this period, all firearms sold are subject to a background check by the National Instant Criminal Background Check System.
Allows a grace period for people taking over an existing firearms business to correct problems in the business’s records—so if a person inherits a family gun store (for example), the new owner couldn’t be punished for the previous owner’s recordkeeping violations.
Reforms the procedures for consideration of federal firearms license applications. Under H.R. 4900, denial of an application will require notification to the applicant, complete with reasons for the denial. Additionally, an applicant will be allowed to provide supplemental information and to have a hearing on the application.
Codifies limits on disclosure of firearms trace data—which Congress has already limited through a series of appropriations riders over the past three years, out of concern for gun owners’ privacy and the confidentiality of law enforcement records. The provision would still allow law enforcement agencies full access to trace data for bona fide criminal investigations.
Requires BATFE to establish clear investigative guidelines.
Clarifies the licensing requirement for gunsmiths distinguishing between repair and other gunsmith work and manufacture of a firearm.
Prevents disclosure of information in FFL records outside of law enforcement agencies.
Eliminates a provision of the Youth Handgun Safety Act that requires those under 18 to have written permission to use a handgun for lawful purposes (such as competitive shooting or safety training)—even when the parent or guardian is present.
Permanently bans taxes or “user fees” on background checks by the federal instant check system—fees that Congress has prohibited in annual appropriations riders since 1998.
Permanently bans creation of a centralized electronic index of dealers’ records—a threat to gun owners’ privacy that Congress has barred through appropriations riders for a decade.
Allows importation and transfer of machineguns by firearm and ammunition manufacturers for use in developing or testing firearms and ammunition. In particular, ammunition manufacturers fulfilling government contracts need to ensure that their ammunition works reliably.
Allows transfer and possession of machineguns for use by federal security contractors. Additionally, H.R. 4900 provides for the transfer and possession of machineguns by professional film and theatrical organizations.
Repeals the Brady Act’s “interim” waiting period provisions, which expired in 1998.
Gives BATFE sole responsibility for receiving reports of multiple handgun sales. (Currently, dealers also have to report multiple sales to state or local agencies, a requirement that has shown little or no law enforcement value.)
Restores a policy that allowed importation of barrels, frames and receivers from non-importable firearms, when they can be used as repair or replacement parts.

Click on all the links, you can see if your representative is cosponsoring HR4900 here...

http://thomas.loc.gov/cgi-bin/bdquer...0:HR04900:@@@P

Here is a link to the full Bill

http://thomas.loc.gov/cgi-bin/query/z?c110:H.R.4900.IH:

This would help our gunstore owners and FFL dealers out alot. It would also let our barrels be brought in again. Please call your Rep. and tell them to support it.
Bold mine ... that means for everyone looking to buy AK kits (or any other kind of kits), they would be able to import kits again without the barrels all cut up.