Fire Sale Loophole Closing Act

United States116th CongressHR-4872House of Representatives
Latest legislative activity: Dec 18, 2019

Summary

Official Summary

Fire Sale Loophole Closing Act

This bill imposes restrictions on the transfer of business inventory firearms by a firearms importer, manufacturer, or dealer whose license is revoked or denied.

An individual who violates the restrictions is subject to criminal penalties—a fine, prison term of up to one year (or five years if the violation was willful), or both.

Bill texts

Available versions
Introduced (House)View official text

1 version available

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Timeline

  1. Introduced in House

  2. Referred to the House Committee on the Judiciary.

    House of Representatives

  3. Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.

    House of Representatives

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