In 2003, Akins Group Inc. developed the Akins Accelerator, a bumpfire stock for a Ruger 10/22 that can produce about 650 rounds/minute. The company received classification letters from the BATFE agreeing that the stock was not a firearm and therefore unregulated.JPFO gives us the lowdown on the latest BATFU outrage. That approval letter ought to be grounds for a lawsuit to recover all costs incurred based on relying on it. And whoever signed it should be found personally liable.
Akins performed approximately 18 months of testing, built injection molds based on the results, and began offering the Accelerator to the public in December of 2006.
True to form, the BATFE suddenly decided that the plastic stock was in fact a machine gun. The considerable time, effort, and of course money Akins invested into the project has been rendered essentially useless.
[Via Wm H]