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As others have noted, your question is very broad, so my response will have to be broad as well.

I think regulating the possession of a tool rather than the misuse of that tool is both ineffective and an affront to a free society.

I wish the NFA had never been passed and I wish it would be repealed. Unfortunately, this is not going to happen in my lifetime, if at all. I also would like to see Tex. Penal Code Chp. 46 repealed and focus on misuse of weapons, not their mere possession. That too isn't going to happen in my lifetime.

Since the NFA isn't going to be repealed, it should be narrowed to cover only fully automatic firearms and truly destructive devices or what I call area weapons such as cannons, grenade launchers, etc. There's no reason to regulate SBRs, suppressors, etc. I also believe that the local LEO sign-off should be repealed and that no background check should be required of anyone who holds a state license to carry that is exempt from a NICS check. There should be no fee or "stamp" requirement. Transfer of NFA weapons between individuals should require no more than using an FFL and the current Form 4473 with a NICS check, or no NICS check if the transferee has a NICS-exempt carry license.

Chas.