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HR 263 112th Congress House Crime and Law Enforcement Firearms and explosives Licensing and registrations Retail and wholesale trades

Fire Sale Loophole Closing Act

Introduced: January 19, 2011 See on congress.gov
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 7, 2011
Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
Jan 12, 2011
Referred to the House Committee on the Judiciary.
Jan 12, 2011
Introduced in House
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 Plain-English summary Congressional Research Service

Fire Sale Loophole Closing Act - Amends the federal criminal code to make it unlawful for: (1) anyone whose federal license to import, manufacture, or deal in firearms has been revoked, or whose license renewal application has been denied, to transfer business inventory firearms into a personal collection or to an employee of such person or to receive a firearm that was a business inventory firearm as of the date of a revocation or renewal denial notice; and (2) anyone who has received a license revocation or renewal denial notice to transfer to any other person a firearm that was a business inventory firearm. Imposes a fine and/or prison term of not more than one year (five years for willful violations) for violations of this Act.

What's happening now February 7, 2011

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

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 16
All 16 Democratic 12
D
Keating, William R.
Massachusetts · Aug 1, 2012
Tsongas, Niki
· Mar 10, 2011
 D
Wilson, Frederica S.
Florida · Feb 18, 2011
HARMAN, JANE
· Jan 26, 2011
 D
Chu, Judy
California · Jan 19, 2011
 D
DeGette, Diana
Colorado · Jan 19, 2011
GUTIERREZ, LUIS
· Jan 19, 2011
 D
Lofgren, Zoe
California · Jan 19, 2011
 D
Markey, Edward J.
Massachusetts · Jan 19, 2011
 D
Matsui, Doris O.
California · Jan 19, 2011
 D
Moore, Gwen
Wisconsin · Jan 19, 2011
 D
Nadler, Jerrold
New York · Jan 19, 2011
 D
Norton, Eleanor Holmes
District of Columbia · Jan 19, 2011
 D
Schakowsky, Janice D.
Illinois · Jan 19, 2011
 D
Van Hollen, Chris
Maryland · Jan 19, 2011
WEINER, ANTHONY
· Jan 19, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 263: Fire Sale Loophole Closing Act. 112th Congress. Open America. https://openamerica.io/bill/112-HR-263/
MLA
"H.R. 263: Fire Sale Loophole Closing Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-263/.
Bluebook (legal)
H.R. 263, 112th Cong. (2026), https://openamerica.io/bill/112-HR-263/.
Markdown link
[H.R. 263: Fire Sale Loophole Closing Act](https://openamerica.io/bill/112-HR-263/)
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