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States Code, to restrict the ability of a person whose Federal license to import, manufacture, or deal in firearms has been revoked, whose application to renew such a license has been denied, or who has received a license revocation or renewal denial notice, to transfer business inventory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.
USA115th CongressHR-4342| House
| Updated: 12/13/2017
David N. Cicilline
Democratic Representative
Rhode Island
Cosponsors (13)
Eric Swalwell (Democratic)Michael F. Doyle (Democratic)Steve Cohen (Democratic)Ro Khanna (Democratic)Jerrold Nadler (Democratic)Eleanor Holmes Norton (Democratic)Diana DeGette (Democratic)James P. McGovern (Democratic)William R. Keating (Democratic)Albio Sires (Democratic)Earl Blumenauer (Democratic)Zoe Lofgren (Democratic)Alcee L. Hastings (Democratic)
Crime and Federal Government Surveillance Subcommittee, Judiciary Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
Referred to the House Committee on the Judiciary.
Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.
Crime and Law Enforcement
Firearms and explosivesLicensing and registrationsRetail and wholesale trades
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States Code, to restrict the ability of a person whose Federal license to import, manufacture, or deal in firearms has been revoked, whose application to renew such a license has been denied, or who has received a license revocation or renewal denial notice, to transfer business inventory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.
USA115th CongressHR-4342| House
| Updated: 12/13/2017
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on the Judiciary.
Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.
David N. Cicilline
Democratic Representative
Rhode Island
Cosponsors (13)
Eric Swalwell (Democratic)Michael F. Doyle (Democratic)Steve Cohen (Democratic)Ro Khanna (Democratic)Jerrold Nadler (Democratic)Eleanor Holmes Norton (Democratic)Diana DeGette (Democratic)James P. McGovern (Democratic)William R. Keating (Democratic)Albio Sires (Democratic)Earl Blumenauer (Democratic)Zoe Lofgren (Democratic)Alcee L. Hastings (Democratic)
Crime and Federal Government Surveillance Subcommittee, Judiciary Committee
Crime and Law Enforcement
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Firearms and explosivesLicensing and registrationsRetail and wholesale trades