NO, the”Trust and corporation” provision is to go after LEGAL machine guns, sawed-off shotguns, short-barrelled rifles, and silencers, that would be bought by people, except that their liberal “Chief Law Enforcement officer” in the area won’t sign permits for Class III purchases. In other words, if your local cops (like the Dallas police!) won’t give you PERMISSION to buy an NFA firearm as an INDIVIDUAL, like a pre-March 1886 machine gun, you COULD still buy one with a corporation or Trust owning it. Now, Hussein Obama wants to close that “Loophole”. Like the so-called “gun show loophole” that also does not exist.
They can only go after them if they are registered.
That leads to an obvious counter measure.
There is no legal requirement to incriminate oneself.