Is it? if yes can you please cite a scource?

Yes it is. But you must have a Class III LISC is expensive. and requires a lot of checks back ground and things of that nature.

Or does it just cover basic weapons like hunting rifles and pistols?

Not sure if you meant your question as joke, but from the tone of both your question and some of the answers it's apparent that not everyone understands what the 2nd Amendment covers. Let's face it, back in the day when the Founding Fathers wrote the Constitution and the Bill of Rights no one could ever imagine what firearms would be invented through the years. Certainly we have come a long way from muskets being he weapon of choice, but we have also come a long way in dealing with the 1st Amendment because when it was written there was no such thing as high-speed presses, raidio, TV or the Internet, so interpretations of our freedoms had to evolve through the years to embrace our modern world.

You can look it up, but in the 1930s a case on the 2nd Amendment was presented to the US Supreme Court dealing with this issue: the types of firearms that are allowed under the American right to keep and bear arms. After the usual debate back and forth it was determined that (1) the 2nd Amendment isn't about hunting or self-protection, it's about the average law-abiding citizen having the means to be part of an unorginazed militia, if need be, if and when our militray forces were ever overrun or unable to adequetly defend our homeland from foreign invasion, and (2) since time chnges all things, only those small arms used by the military would be suitable for ownership and use by the average US citizen, i.e., single-shot or semiauto rifles, pistols and shotguns. In some cases, and with extensive background checks and extra license fees, full auto firearms can be owned, but (contrary to what the media would like us to belive) certainly not bazookas, rocket launchers, state-of-the-art canons or nuclear warheads. These reasonable and well managed restrictions and controls are still not enough for many anti-gun zealots who would like to see America totally disarmed, but then these same misguided activists see no similiarities in someone trying to place restrictions to the 1st Amendment as long as it suits their ideology and left-leaning agenda.