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Kel-Tec PLR-16

What would it take to buid an M-16 pistol besides getting a class II and the paperwork?
Why go to all that trouble? Kel-Tec now makes their PLR-16, a 5.56mm NATO (.223) gas-operated pistol that uses the M-16 breech-locking system and even takes M-16 magazines. It got a great review from John Taffin in American Handgunner--100-yard groups under 1". No NFA nonsense required. Sounds like just what you want. I want one...
 
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