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JimDandy, if the transaction is required to go through the NICS process; and if the transaction requires a positive response from the NICS sytem; then it is most definitely an approval process.
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It doesn't. If NICS was defuneded today, and didn't answer a single call, people could still purchase firearms. In most states. Those states they couldn't would have state law at fault, not the NICS laws.