More coverage, from WaPo.
TFred
Interesting excerpts:
The amendment to the guns legislation already proposed in the Senate would not cover private transactions between individuals, unless there was advertising or an online service involved.
Under the terms of the Manchin-Toomey deal, all background checks would be conducted by federally licensed gun dealers, who would need to verify the validity of a purchaser’s gun license and record that a check was performed. Background checks would need to be completed within three days, except at gun shows, where they would have to be completed within two days for the next four years, and then within 24 hours. To avoid processing delays, the FBI would be required to complete background checks requested at gun shows before those requested elsewhere.
A precise list of which transactions would be covered by the background-check deal was not immediately available. One person familiar with the discussions said the proposed legislation would likely require background checks on all advertised transactions, including those posted on Internet sale sites. It was unlikely, the person said, that sales conducted through an individual, private e-mail exchange would be governed by the new deal. But, he added, it is impossible to say with certainty until legislative language is announced.
Under the Manchin-Toomey deal, records of the newly covered transactions would be kept by federally licensed arms dealers, according to a person familiar with the agreement. Currently, licensed arms dealers keep records of gun sales that take place in gun stores.