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United States · Bill · HR

H.R. 4872 (116th)

Fire Sale Loophole Closing Act

referredUnited States· United States Congress· EN

Introduced

28 October 2019

Last action

Status

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

Sponsors

Subjects

Discovery layer

Source updated

7 April 2025

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.

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Documents

3 official files

Introduced in House (text)

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Sources

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