Mendicino announces first step of firearm buyback program, targeting industry

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The feds are working with a national gun owners organization to determine how to compensate retailers for weapons on a list of banned guns.

In an interview later Wednesday, Winkel said the association remains opposed to banning the firearms in the first place and wants the policy reversed.This advertisement has not loaded yet, but your article continues below.Winkel added it could take years before a buyback program for retailers is up and running.

They are also concerned about the potential cost. The Parliamentary Budget Officer in 2021 pegged the potential cost of the buyback program to be upward of $750 million. “We’re dedicated to moving forward with this program as quickly as we can, but we also have to make sure that we get the buyback program right. It’s a program that is without precedent. It’s national in scale. It’s going to involve a number of partners.”

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