The regulations of the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) are being modified by this rule to eliminate the Firearms Transaction Record, ATF Form 4473 (Low Volume (LV)), Parts I and II. Federally licensed firearms dealers who transferred not more than 50 firearms per year were eligible to use this form as an alternate record for the receipt and disposition of firearms. Because licensees rarely used Form 4473 (LV), ATF sought comment from the public as to whether it should eliminate this infrequently used form as an efficiency measure. After review of public comments, ATF determined that the form was rarely used and the cost of updating and printing the form outweighed the benefits. Consequently, ATF determined that elimination of the form best serves the public interest. All Federal firearms licensees must now record acquisitions and dispositions of firearms pursuant to 27 CFR 478.125.