To amend chapter 44 of title 18, United States Code, to restrict the ability of a person whose Federal license to import, manufacture, or deal in firearms has been revoked, whose application to renew such a license has been denied, or who has received a license revocation or renewal denial notice, to transfer business inventory firearms, and for other purposes.
United States115th CongressHR-4342House of Representatives
Updated: Dec 13, 2017
Summary
Fire Sale Loophole Closing Act This bill restricts the transfer of business inventory firearms by a firearms importer, manufacturer, or dealer whose licensed is revoked or denied. A violator is subject to criminal penalties—a fine, prison term of up to one year, or both.
Bill texts
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Timeline
Referred to the House Committee on the Judiciary.
House of Representatives
Introduced in House
Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.
House of Representatives
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