Fire Sale Loophole Closing Act
HR 6014, the Fire Sale Loophole Closing Act, restricts how Federal firearms licensees (FFLs) can handle business firearms when they lose their license. It makes it illegal to transfer business firearms (those recorded in business logs) to personal collections or employees after receiving license revocation notice, and prohibits selling such firearms to unlicensed people after license termination. The bill also bans transferring firearms moved to personal collections within one year and requires license revocation notices to include specific transfer restrictions. These changes target the "fire sale loophole" where dealers might quickly sell firearms before license loss, directly affecting FFLs whose licenses are revoked or not renewed. Violations carry fines or up to 5 years in prison for willful offenses.
Bill status
in committee
1 of 4 stages cleared
Introduction
Oct 2023
Committee Review
Floor Vote
President
Introduced Oct 20, 2023
Last action Oct 25, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Oct 25, 2023
Committee
Referred to the House Committee on the Judiciary.
lower
Oct 20, 2023
Introduced
Introduced in House
lower
1 primary · 6 co-sponsors
Sponsors
Ask Maddy
·
AI policy assistant
Ask Maddy about HR 6014
Scope: US
Hi! I can help you understand HR 6014. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline