That's the thing, though. There aren't really any
loopholes in our federal gun laws.
Federal law explicitly exempts muzzleloaders at 18 U.S.C. § 921(a)(3):
Quote:
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(A) any weapon (including a starter gun) which will or is designed to or may readily be converted to expel a projectile by the action of an explosive; (B) the frame or receiver of any such weapon; (C) any firearm muffler or firearm silencer; or (D) any destructive device. Such term does not include an antique firearm.
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That doesn't meet the definition of "loophole," whether it be legal or Mirriam Webster.
It just makes a better soundbite to say "we're removing a loophole" than to say "we're reversing a longstanding exemption that we originally agreed to."