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I had a shop in the 90s.
After the North Hollywood Shootout, ATF sent a memo to all FFL dealers stating that ammo was now illegal to sell in normal commercial channels. It could only be sold to Gov't or Police agencies, or exported. I bet that left some importers with full warehouses scrambling!
You may remember that battle. 12 cops and 8 civilians were wounded. The two robbers wore homemade body armor that stopped NUMEROUS hits from 9mm and even 223. They also fought like hell! Most of the cops were pinned down behind their cars. The robbers had several weapons each, but used two AKs with that steel core ammo to great effect. Several of the cops accounts stated they were hunkered down behind their cars watching bullets zip through the car like it was a beer can. Unless they were behind the engine, the cars were not effective cover. Now we all know that any rifle bullet is likely to shoot through a modern car, but this ammo was outlawed anyway.
As far as I know, it is still legal to possess, but cannot be sold.
After the North Hollywood Shootout, ATF sent a memo to all FFL dealers stating that ammo was now illegal to sell in normal commercial channels. It could only be sold to Gov't or Police agencies, or exported. I bet that left some importers with full warehouses scrambling!

You may remember that battle. 12 cops and 8 civilians were wounded. The two robbers wore homemade body armor that stopped NUMEROUS hits from 9mm and even 223. They also fought like hell! Most of the cops were pinned down behind their cars. The robbers had several weapons each, but used two AKs with that steel core ammo to great effect. Several of the cops accounts stated they were hunkered down behind their cars watching bullets zip through the car like it was a beer can. Unless they were behind the engine, the cars were not effective cover. Now we all know that any rifle bullet is likely to shoot through a modern car, but this ammo was outlawed anyway.
As far as I know, it is still legal to possess, but cannot be sold.