In wake of the mass shooting in Las Vegas, California Sen. Dianne Feinstein has introduced a bill to outlaw the sale of “bump stocks.” Those are the devices that attach to rifles to mimic automatic weapon fire and that were used by gunman Stephen Paddock during Sunday’s attack.
Some top congressional Republicans, who are typically against gun sale restrictions, said they’d be open to considering legislation.
The main manufacturer of bump stocks is a company called Slide Fire, based in Moran, Texas. It started selling them back in 2010 after getting approval from the Bureau of Alcohol, Tobacco, Firearms and Explosives. They were originally developed to help people with disabilities shoot and go for $99 to $199.
Thirty-year-old Glenn Bush, who lives in Dallas, said he bought one after getting a semi-automatic rifle as a Christmas gift. His cousin had one and convinced him it was a lot of fun.
“We have a bunch of land, so I thought it would be fun to play with,” he said. “I actually used it twice and then thought it was the most impractical, ridiculous thing ever, so I never used it again.”
It’s a niche product, typically marketed to gun enthusiasts.
“There wasn’t a particularly large inventory stock of these to begin with,” said Rommel Dionisio, a gun industry analyst at Aegis Capital. “It just didn’t sell well.”
But with lawmakers calling to get rid of bump stocks, some small online retailers are now selling out. On Slide Fire’s site, the company says it’s putting a hold on taking new orders “to provide the best service with those already placed.”
Meanwhile, some of the nation’s largest gun sellers appear to have pulled them off their sites. A Walmart spokesperson said bump stocks violate the company’s prohibited items policy and should’ve never been sold there in the first place.
|After Las Vegas shooting, gun stocks spike temporarily|
|Top U.S. gunmaker says sales will pick back up under Trump|
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.