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HR 238 113th Congress House Crime and Law Enforcement Firearms and explosives Licensing and registrations Retail and wholesale trades

Fire Sale Loophole Closing Act

Introduced: January 14, 2013 Introduced by: Meng, Grace Democratic · New York See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 25, 2013
Referred to the Subcommittee on Crime, Terrorism, Homeland Security, And Investigations.
Jan 14, 2013
Referred to the House Committee on the Judiciary.
Jan 14, 2013
Introduced in House
 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criminal code to make it unlawful for: (1) anyone whose federal license to import, manufacture, or deal in firearms has been revoked, or whose license renewal application has been denied, to transfer business inventory firearms into a personal collection or to an employee of such person or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 January 25, 2013

Referred to the Subcommittee on Crime, Terrorism, Homeland Security, And Investigations.

 Committees of jurisdiction 2