To amend the Internal Revenue Code of 1986 to repeal the National Firearms Act.

Bill 117 HR 8399, also known as the "Repeal the National Firearms Act" bill, aims to amend the Internal Revenue Code of 1986 by repealing the National Firearms Act. The National Firearms Act, enacted in 1934, imposes taxes and regulations on the manufacture, sale, and transfer of certain firearms, including machine guns, short-barreled rifles, and silencers.

If passed, this bill would eliminate the requirements and restrictions imposed by the National Firearms Act, effectively deregulating these types of firearms. Proponents of the bill argue that the National Firearms Act infringes on the Second Amendment rights of law-abiding citizens and imposes unnecessary burdens on gun owners.

Opponents of the bill, however, express concerns about the potential implications of repealing the National Firearms Act, including the potential for an increase in gun violence and the difficulty of tracking and regulating certain firearms. The bill is currently under consideration in Congress, and its outcome remains uncertain.