The AR consist of two halves the upper and the lower. The lower receiver is the registered part and is the only part you can not buy mail order. Everything attaches to this receiver and the lower is considered that receiver the trigger group, pistol grip and butt stock.
The upper is normally attached to the lower with 2 pins (Colt uses a screw and a pin) It includes the upper receiver that holds the bolt/bolt carrier and barrel. You can have multiple uppers like a 20 inch barrel with a scope and a 16 inch iron sighted upper and attach them to the same lower or with a mag block you can even have a 9mm upper.
An AR meets all your requirements except for the low cost.
As far as a ban goes there is no way to know how a future ban will be worded making it impossible to say what will be banned. The 1994 crime bill ban expired in 2004 so folding stocks, bayonet lugs and all the other evil features are perfectly legal...for now.
The upper is normally attached to the lower with 2 pins (Colt uses a screw and a pin) It includes the upper receiver that holds the bolt/bolt carrier and barrel. You can have multiple uppers like a 20 inch barrel with a scope and a 16 inch iron sighted upper and attach them to the same lower or with a mag block you can even have a 9mm upper.
An AR meets all your requirements except for the low cost.
As far as a ban goes there is no way to know how a future ban will be worded making it impossible to say what will be banned. The 1994 crime bill ban expired in 2004 so folding stocks, bayonet lugs and all the other evil features are perfectly legal...for now.