We lost the ability to print $50 bills with our HPs[2] and it had no noticeable negative impact on society. I'm not sure why losing the ability to print a gun with our Prusas will be any different.
[1] - https://www.scienceabc.com/eyeopeners/cant-photocopy-scan-cu...
[2] - https://h30434.www3.hp.com/t5/Printers-Archive-Read-Only/Won...
So while the legislation, and implementation can be deemed problematic, the political desire to prevent counterfeit is not actually unreasonable.
Having particular objects be banned that aren't under the exclusive control of a government actually creates new precedent. Regardless of the technical feasibility that you keep bringing up, this legislation is undesirable because of what could come after.