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From Dec. 3, 2015 Los Angeles Times:

White House officials are seeking a way to use executive authority to close the so-called gun show loophole that allows thousands of people to buy guns each year without a background check, but complicated legal issues have slowed the process.

Almost three years ago, President Obama asked Congress to change the law to require background checks for weapons sold at gun shows, but a bill to do so died in the Senate – dashing administration hopes for legislative action to address the loophole.

Efforts to use Obama's executive powers to address the issue took on added urgency in October, when a shooter at a community college in Oregon killed nine people, then shot himself.

Since then, White House officials have been trying to draft an executive order that would effectively reinterpret existing law to require all or most such sales to go through the background check system.
But despite Obama's visible frustration with the lack of action on guns, figuring out a solution has proved complicated. Many had expected the White House to announce plans for an executive order in time for the anniversary on Dec. 14 of the 2012 shooting at Sandy Hook elementary school in Connecticut. That now seems less likely.