US Patent 10343266 Bit holder assembly

A bit holder assembly includes a barrel having a shank receiving end, a bit receiving end, and an inner wall extending between the shank receiving end and the bit receiving end. The bit holder assembly also includes a shank sized and shaped to be received within the barrel. The shank is insertable into the barrel from the shank receiving end. The bit holder assembly further includes a shuttle having an annular recess. The shuttle is sized and shaped to be received within the barrel and is insertable into the barrel from the bit receiving end. The bit holder assembly also includes a retaining member sized and shaped to be received within the annular recess. The retaining member is configured to retain the shuttle within the barrel.