Looks like the White House is wanting to require responsible persons designated by legal trusts to submit forms, photographs and fingerprints to the ATF and forward this info to the local chief police officer.
http://thehill.com/blogs/regwatch/pending-regs/318133-white-house-reviewing-draft-gun-control-rule
http://thehill.com/blogs/regwatch/pending-regs/318133-white-house-reviewing-draft-gun-control-rule