"loophole: an ambiguity or omission in the text through which the intent of a statute, contract, or obligation may be evaded."
The "gunshow loophole" is what gun control advocates wish the federal law on background checks required, rather than what are the law's actual intent and requirements.
Federal law requires licensed dealers to conduct background checks for firearms sales. The same federal law regulates other activities, such as sales to prohibited persons, by non-licensees (private individuals), but does not require non-licensees to conduct background checks.
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