Well, the NRA got their hands on an early draft of the bill.
http://www.nraila.org/legislation/f...ein-goes-for-broke-with-new-gun-ban-bill.aspx
Quick down-n-dirty:
-All existing 'assault weapons' would be considered NFA weapons, and subject to $200 tax stamp and federal registration.
-Only one 'option' allowed per rifle, instead of two (a la 1994). Want a pistol grip? No detachable magazine for you. Doesn't even have to be an actual pistol grip...if it's not a plain jane smooth stock, they can consider that a grip.
-Any semi automatic rifle with a fixed magazine that can hold more than 10 rounds...assault weapon.
-Any semi automatic rifle with an overall length less than 30" (old SBR cut-off was 26")...assault weapon.
-No transfer of existing weapons. Unlike current legal machine guns and SBRs, you can never transfer the weapon. If you die, the government seizes and destroys the gun(s).
-Any semi automatic pistol with a threaded barrel is an assault weapon, subject to registration and tax stamp.
Remember, you give up a lot of rights owning an NFA firearm. The BATF can come to inspect the weapon at any time, and you must notify them before transporting it across state lines. Also, some states (NY and CA come to mind) already have laws on the books banning the civilian ownership of NFA weapons/items. Classifying a run-of-the-mill AR15 as an NFA weapon would make millions of legal gun owners felons at the state level.
Hold on to your balls, gents.