"The new U.S. administration, to no one’s surprise, has changed direction in the UN with respect to international small arms control initiatives that were resisted by the previous administration.
The current issue under discussion, the Arms Trade Treaty (ATT), is in the early stages of the negotiation process. There is no actual draft text at this time. Work on the ATT is scheduled to continue by a consensus process between now and 2012. It should be noted that any treaty must be approved by two thirds of the U.S. Senate for ratification."