HR 4872
116th Congress
House
Crime and Law Enforcement
Firearms and explosives
Licensing and registrations
Retail and wholesale trades
Fire Sale Loophole Closing Act
Introduced: October 28, 2019
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 18, 2019
Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
Oct 28, 2019
Referred to the House Committee on the Judiciary.
Oct 28, 2019
Introduced in House
Plain-English summary
Fire Sale Loophole Closing Act
This bill imposes restrictions on the transfer of business inventory firearms by a firearms importer, manufacturer, or dealer whose license is revoked or denied.
An individual who violates the restrictions is subject to criminal penalties—a fine, prison term of up to one year (or five years if the violation was willful), or both.
What's happening now
Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
Committees of jurisdiction
2