The enactment of the Gun Control Act of 1968 means that every individual or company that is interested in making or selling guns must get a federal firearms license from the Bureau of Alcohol, Tobacco, Firearms and Explosives.

Knowledge on the federal firearms license signifies that an individual is serious with his guns. One must be able to have fair knowledge on the nature of federal firearms license, what their significance is and how they are categorized into different types.

Ever since the enactment of the Gun Control Act in 1968, individuals and companies have been required to get a federal firearms license as a requisite to manufacturing or selling guns.