S 4812
117th Congress
Senate
Crime and Law Enforcement
Fire Sale Loophole Closing Act
Introduced: September 8, 2022
Introduced by:
Booker, Cory A.
Democratic
· New Jersey
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 8, 2022
Read twice and referred to the Committee on the Judiciary.
Sep 8, 2022
Introduced in Senate
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
Read twice and referred to the Committee on the Judiciary.
Committees of jurisdiction
1