New Reporting Requirements
The United States Department of the Treasury has enacted new reporting requirements for both new and existing entities. Effective January 1, 2024, most corporations, limited liability companies, and similar entities are required to provide information about the company, its beneficial owners, and company applicants to FinCEN (the Financial Crimes Enforcement Network). Click the links below to view the Government Affairs Committee statement, as well as the filing instructions and the Small Entity Compliance Guide. The Government Affairs Committee with send an update the first week of December if there are any substantial changes to the requirements of the Corporate Transparency Act.
NFA Meta Update
In February of 2024, NFA board members met with Meta Officials to discuss the restrictions that the Fireworks Industry experiences on Social Media (i.e. Facebook). To see the in depth discussions, please view our press release below.
NFA Announces the Formation of the Veterans Fireworks Committee at Expo
At the 2023 Expo in Fort Wayne, IN formed a special committee comprised of veterans who work in the fireworks industry or who own a fireworks related business. The full press release can be found below.
NFA Consumer Fireworks Identification Guide
The NFA offers this guide as a reference source to AHJ's and fireworks businesses as a guide to identify UN0336 Fireworks 1.4G items properly. The intent is towards public safety and making sure that only those fireworks that meet CPSC guidelines for consumer sale are offered in public retail locations. UN0336 Fireworks 1.4G - For Professional Use Only are not intended for nor should be sold in public retail locations in order to ensure the safety of the general public. UN0336 Fireworks 1.4G For Professional Use Only items should only be sold to and used by those with the proper training, equipment and experience to ensure the safety of users and spectators alike.
NFA Announces Their Definition of Professional Use Only for Pyrotechnics and Fireworks
The requirement for Professional Use Only is met by a person when they have the necessary knowledge through education, skill, training, demonstration, and/or prior experience to safely, legally and responsibly use articles pyrotechnic or fireworks. Professional use does not require that a person be employed or compensated to use Professional Use Only products. Professional use does not require use to be in commerce and personal entertainment purposes are allowed. Professional Use Only products may not be used by a person that does not have knowledge and training on how to use the products safely, legally and responsibly unless they are under the direct and continuous supervision of a person meeting the requirements of Professional Use.
Testing, training, interviewing, a resume review, contacting references, or any other reasonable review process are all acceptable methods of determining if a person has met the requirement of having the knowledge necessary to safely, legally and responsibly use Professional Use Only products.
-- August 1, 2022
