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HR 2916 114th Congress House Crime and Law Enforcement Firearms and explosives Licensing and registrations Retail and wholesale trades

Fire Sale Loophole Closing Act

Introduced: June 25, 2015 See on congress.gov
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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
Jul 9, 2015
Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.
Jun 25, 2015
Referred to the House Committee on the Judiciary.
Jun 25, 2015
Introduced in House
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 Plain-English summary Congressional Research Service

Fire Sale Loophole Closing Act

This bill 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criminal code to make it unlawful for: (1) anyone whose federal license to import, manufacture, or deal in firearms has been revoked, or whose license renewal application has been denied, to transfer business inventory firearms into a personal collection or to an employee of such person or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.

The bill imposes a fine and/or prison term of not more than one year for violations of this Act (five years for willful violations).

What's happening now July 9, 2015

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

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 26
All 26 Democratic 26
D
Vargas, Juan
California · Jul 11, 2016
 D
Boyle, Brendan F.
Pennsylvania · Nov 18, 2015
 D
Duckworth, Tammy
Illinois · Sep 29, 2015
 D
Norton, Eleanor Holmes
District of Columbia · Sep 29, 2015
 D
Matsui, Doris O.
California · Jul 10, 2015
 D
Bonamici, Suzanne
Oregon · Jul 7, 2015
 D
Brownley, Julia
California · Jul 7, 2015
 D
Chu, Judy
California · Jul 7, 2015
 D
McGovern, James P.
Massachusetts · Jul 7, 2015
 D
Castor, Kathy
Florida · Jun 25, 2015
 D
Clark, Katherine M.
Massachusetts · Jun 25, 2015
 D
DeGette, Diana
Colorado · Jun 25, 2015
 D
DeLauro, Rosa L.
Connecticut · Jun 25, 2015
 D
Himes, James A.
Connecticut · Jun 25, 2015
 D
Keating, William R.
Massachusetts · Jun 25, 2015
 D
Lofgren, Zoe
California · Jun 25, 2015
 D
McCollum, Betty
Minnesota · Jun 25, 2015
 D
Meeks, Gregory W.
New York · Jun 25, 2015
 D
Meng, Grace
New York · Jun 25, 2015
 D
Moore, Gwen
Wisconsin · Jun 25, 2015
 D
Nadler, Jerrold
New York · Jun 25, 2015
 D
Pingree, Chellie
Maine · Jun 25, 2015
 D
Pocan, Mark
Wisconsin · Jun 25, 2015
 D
Schakowsky, Janice D.
Illinois · Jun 25, 2015
 D
Van Hollen, Chris
Maryland · Jun 25, 2015
 D
Wilson, Frederica S.
Florida · Jun 25, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2916: Fire Sale Loophole Closing Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-2916/
MLA
"H.R. 2916: Fire Sale Loophole Closing Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-2916/.
Bluebook (legal)
H.R. 2916, 114th Cong. (2026), https://openamerica.io/bill/114-HR-2916/.
Markdown link
[H.R. 2916: Fire Sale Loophole Closing Act](https://openamerica.io/bill/114-HR-2916/)
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