Yeah, it doesn't negate a NICS check, just makes them much much faster.
Out here in WA, I can give them my CPL, and that tells them exactly who I am among the many "John Smith"s of the world,
as well as gives them a smaller sample size (Date range) to check from, as I basically went through the check when i got my CPL.
That's how you get to walk out the door with the thing in WA, we have an Up To date range, not a mandatory one however... It's entirely possible that (Just to pick someone absolutely unique and famous) Barack Obama could move to WA State to be legal, then purchase a handgun, go through his check in the time he's in the store as his name isn't common, and his background has been thouroughly checked fairly recently.... At least that's how I understand the process out here.
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