Fire Sale Loophole Closing Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jun 25, 2015)
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criminal code to make it unlawful for: (1) anyone whose federal license to import, manufacture, or deal in firearms has been revoked, or whose license renewal application has been denied, to transfer business inventory firearms into a personal collection or to an employee of such person or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 just happenedJul 9, 2015
Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.
Who’s behind it
- Introduced in HouseJun 25, 2015
- Jul 9, 2015Committee
Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.
Crime and Federal Government Surveillance Subcommittee - Jun 25, 2015IntroReferralH11100
Referred to the House Committee on the Judiciary.
Judiciary Committee - Jun 25, 2015IntroReferralIntro-H
Introduced in House
- Jun 25, 2015IntroReferral1000
Introduced in House