Core Points - The U.S. Department of Commerce's Bureau of Industry and Security announced the repeal of export restrictions on civilian firearms established during the Biden administration, allowing U.S. gun manufacturers to compete in international markets and potentially create hundreds of millions of dollars in export opportunities [1] - The new regulations restore the export rules from the first term of the Trump administration, which will enable the export of most handguns, rifles, and non-long-barreled shotguns with a license, while long-barreled shotguns and most optical sights can be exported to U.S. allies and certain partner countries without a license [1] - The new policy is expected to benefit major U.S. gun manufacturers, as the Trump administration had opposed reforms to U.S. gun laws, including raising the legal age for purchasing firearms and strengthening background checks [1] Summary by Category Regulatory Changes - The repeal of the Biden-era "Temporary Final Rule" on firearm exports, which imposed strict export controls on civilian firearms and related ammunition and parts, particularly to 36 "high-risk" countries [1] - The new rules will continue to require licenses for most handguns, rifles, and non-long-barreled shotguns while allowing certain exports without a license [1] Market Impact - The changes are expected to create significant export opportunities for U.S. gun manufacturers, potentially generating hundreds of millions of dollars annually [1] - The policy shift is seen as a move to prevent foreign gun manufacturers from gaining an advantage in international markets [1] National Security Considerations - The new regulations aim to balance the interests of the U.S. gun industry with national security, as the Department of Commerce will continue to review license applications to prevent weapons from falling into the hands of "criminal elements" [1]