Concerned Citizen
Sharpshooter
Nice write up. I was about to post a link to your blog post here as well.
I break thing down as I see them in this blog post. As it stands with the limited information we have to go with right now, the proposed law looks as though it will not only ban most modern semi-automatic rifles but most modern semi-automatic handguns as well. You would be required to register your Glock and M&P's with the NFA.
Any firearm on the NFA plays by a separate set of rules. Unless exempted by the law, NFA items can not be transferred across state lines without a 5320.20 form being filed. Right now this takes months to get approval for (at least it has taken months for me). God only knows how long it would take when literally millions of people are filing such requests annually.
Anyway, here's how I see things: Military Arms Channel Blog: The AWB of 2013