The proposed legislation, titled the "Repeal the NFA Act," aims to completely eliminate the National Firearms Act (NFA). This is achieved by repealing Chapter 53 of the Internal Revenue Code of 1986 , which encompasses all the NFA's provisions. The National Firearms Act currently imposes federal regulations, including registration, taxation, and restrictions, on specific types of firearms and devices. Its repeal would remove these federal controls over items such as machine guns, short-barreled rifles, short-barreled shotguns, and suppressors. Consequently, the bill would significantly alter federal firearms law by removing the regulatory framework established by the NFA.