Update 3/10/2015: The ATF announced that it will not move forward with a ban on M855 at this time.
The M855 saga continues with what appears to be a play right out of the Communist playbook. Townhall is reporting that the M855 round has already been banned in the new ATF regulation guide:
When you look at the last page of the new, most recent ATF 2014 Regulation Guide, which was published in January, there is no longer an exemption for AR-15 “green-tip” ammunition.
“The 2014 edition of the Federal Firearms Regulations Reference Guide contains information that will help you comply with Federal laws and regulations governing the manufacture, importation and distribution of firearms and ammunition. This edition contains new and amended statutes enacted since publication of the 2005 edition, as well as updated regulations and rulings issued by ATF. In addition to these updated materials, in response to inquiries received from industry members, the public, and partner agencies, the 2014 edition contains additional and amended Questions and Answers to assist with compliance,” ATF Director B. Todd Jones states in the 2014 edition of the new Regulation Guide (emphasis mine). “Laws may change over time, as will information in this guide.”
The Office of Management and Budget must review and approve ATF Regulation Guides, which again, come out approximately every 10 years. This can take months and changes to Regulation Guides are not easily or often made. Because of the lengthy amount of time it takes for OMB to approve a new ATF Regulation Guide, ATF’s comment period is just for show.
Back story here if you’re new to the game.