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United States · Bill · HR

H.R. 263 (112th)

Fire Sale Loophole Closing Act

referredUnited States· United States Congress· EN

Introduced

12 January 2011

Last action

7 February 2011 · Referred

Status

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

Sponsors

Rep. Ackerman, Gary L. [D-NY-5], Rep. Farr, Sam [D-CA-20], Rep. Moran, James P. [D-VA-8], Rep. Moore, Gwen [D-WI-4], Del. Norton, Eleanor Holmes [D-DC-At Large], Sen. Van Hollen, Chris [D-MD], Rep. Gutierrez, Luis V. [D-IL-4], Sen. Markey, Edward J. [D-MA], Rep. Serrano, Jose E. [D-NY-15], Rep. Weiner, Anthony D. [D-NY-9], Rep. Jackson, Jesse L., Jr. [D-IL-2], Rep. DeGette, Diana [D-CO-1], Rep. Nadler, Jerrold [D-NY-12], Rep. Matsui, Doris O. [D-CA-7], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Filner, Bob [D-CA-51], Rep. Stark, Fortney Pete [D-CA-13], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Chu, Judy [D-CA-28], Rep. Hastings, Alcee L. [D-FL-20], Rep. Lofgren, Zoe [D-CA-18], Rep. Maloney, Carolyn B. [D-NY-12], Rep. Doyle, Michael F. [D-PA-14], Rep. Harman, Jane [D-CA-36], Rep. Deutch, Theodore E. [D-FL-22], Rep. Cicilline, David N. [D-RI-1], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Woolsey, Lynn C. [D-CA-6], Rep. Roybal-Allard, Lucille [D-CA-40], Rep. McCarthy, Carolyn [D-NY-4], Rep. Wilson, Frederica S. [D-FL-24], Rep. Tsongas, Niki [D-MA-3], Rep. Keating, William R. [D-MA-9], Rep. Edwards, Donna F. [D-MD-4]

Subjects

Discovery layer

Source updated

14 August 2025

Official sourceDownload fileView documentsShare

Summary

Fire Sale Loophole Closing Act - 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criminal code to make it unlawful for: (1) anyone whose federal license to import, manufacture, or deal in firearms has been revoked, or whose license renewal application has been denied, to transfer business inventory firearms into a personal collection or to an employee of such person or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. Imposes a fine and/or prison term of not more than one year (five years for willful violations) for violations of this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 12 January 2011

    Introduced

    Referred to the House Committee on the Judiciary.

    Source: IntroReferral

  2. 12 January 2011

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 12 January 2011

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 7 February 2011

    Referred

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

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 12 January 2011

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 12 January 2011

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 12 January 2011

    Open at official source

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Sponsors

Related records

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Sources

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