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HR 4342 115th Congress House Crime and Law Enforcement Firearms and explosives Licensing and registrations Retail and wholesale trades

Fire Sale Loophole Closing Act

Introduced: November 9, 2017 See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 13, 2017
Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.
Nov 9, 2017
Referred to the House Committee on the Judiciary.
Nov 9, 2017
Introduced in House
 Plain-English summary Congressional Research Service

Fire Sale Loophole Closing Act

This bill restricts the transfer of business inventory firearms by a firearms importer, manufacturer, or dealer whose licensed is revoked or denied.

A violator is subject to criminal penalties—a fine, prison term of up to one year, or both.

What's happening now December 13, 2017

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

 Committees of jurisdiction 2