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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
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 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
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 Plain-English summary Congressional Research Service

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 September 8, 2022

Read twice and referred to the Committee on the Judiciary.

 Related & companion bills 1
  • HR 6213 Related bill Fire Sale Loophole Closing Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4812: Fire Sale Loophole Closing Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-4812/
MLA
"S. 4812: Fire Sale Loophole Closing Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-4812/.
Bluebook (legal)
S. 4812, 117th Cong. (2026), https://openamerica.io/bill/117-S-4812/.
Markdown link
[S. 4812: Fire Sale Loophole Closing Act](https://openamerica.io/bill/117-S-4812/)
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