Fire Sale Loophole Closing Act
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 status
in committee
1 of 4 stages cleared
Introduction
Dec 2021
Committee Review
Floor Vote
President
Introduced Dec 9, 2021
Last action Nov 1, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
Nov 1, 2022
Committee
Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
lower
Dec 9, 2021
Committee
Referred to the House Committee on the Judiciary.
lower
Dec 9, 2021
Introduced
Introduced in House
lower
1 primary · 7 co-sponsors
Sponsors
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