This is the Cato Daily Podcast for Thursday, January 7th, 2016.

I'm Caleb Brown.

The President's Executive Action on Guns was a whole lot of talk, a few tears, but not a whole lot that's new.

The most problematic element of the President's plan is a challenge to the due process rights and

other rights of older Americans receiving Social Security.

Dave Koppel, associate Policy analyst at the Cato Institute,

looks at the President's wish list.

On the President's actions, executive action relating to guns, what was for gun owners at least the least

objectionable? That he restated accurately what the law already is and has been

since 1968 that if you are engaged in the

business of selling firearms then you have to have a federal firearms license.

Now walk us through that because it sounds strong the media likes it but you say

it's been on the books for a long time well no wonder the media likes it it was

enacted by Congress in the Gun Control Act of 1968, and then in 1986 in the Farms

Owners Protection Act, which amended the 1968 law, additional specificity

was put in. And the president's so-called was talk where he accurately said

he was talk where he accurately said what the law has always been interpreted to require and he had the Bureau of

of Alcohol, Tobacco, Firearms and Explosives put out a brochure which says it answers the question, do I need a federal firearms license?

And it explains the law, talks about some of the principles and facts that have been derived from court cases.

And some basic scenarios.

Yeah, and some basic scenarios of, you know, one guy is doing this.

Oh, he doesn't need a federal firearms license.

...