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Changing the regulation on current bump stock is moving what has, until now, been a pretty clear line on what makes an automatic weapon. I don't see where it could be moved and be as clear. This could affect quite a bit beyond bump stocks.
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That is why I am adamantly opposed to this happening through executive order or ATF administrative review. IMO it flouts the rule of law as I don't see how they can stretch the current NFA to include bump stocks the way it is written. If the ban is going to happen, I would much rather see a narrowly tailored bill from congress. Opening this can of worms concerns me. Today, the ATF fudges a word or two in existing law to get "the will of the people" and just bump stocks (likely owned by less than .01% of the population) banned, but it sets a precedent. 5 years from now, that precedent may affect a custom trigger job with no approval from congress. I don't like it.