True....
Also note that the way a C&R FFL is defined, you must also comply with all state and local laws for the place you reside and operate (collect) under your license. This is why states may have more restrictive procedures that you must still comply with as a C&R license holder.
This allows for processes like registration to still be enforced for C&R licensees in places like New York.
In most Federal law, you find these places where the regulations defer to the higher power of the individual state. It's relatively rare to see Federal law completely trump state law. More often, they use financial incentives and other "levers" to gain compliance with national policies.
Be ever thankful for the constitution and judges that respect it.
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Igitur si vis pacem, para bellum -
- Therefore if you want peace, prepare for war.
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