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United States · Bill · HR

H.R. 5718 (111th)

Fire Sale Loophole Closing Act

referredUnited States· United States Congress· EN

Introduced

13 July 2010

Last action

13 July 2010 · Introduced

Status

Referred to the House Committee on the Judiciary.

Sponsors

Rep. Ackerman, Gary L. [D-NY-5], Rep. McCarthy, Carolyn [D-NY-4], Rep. Moran, James P. [D-VA-8], Rep. Farr, Sam [D-CA-20], Rep. Stark, Fortney Pete [D-CA-13], Rep. Weiner, Anthony D. [D-NY-9], Rep. Filner, Bob [D-CA-51], Rep. Hastings, Alcee L. [D-FL-20], Rep. Israel, Steve [D-NY-3], Rep. Maloney, Carolyn B. [D-NY-12], Rep. Roybal-Allard, Lucille [D-CA-40], Rep. Blumenauer, Earl [D-OR-3], Rep. Towns, Edolphus [D-NY-10], Rep. Thompson, Bennie G. [D-MS-2], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Watson, Diane E. [D-CA-33], Rep. Kennedy, Patrick J. [D-RI-1], Rep. Wasserman Schultz, Debbie [D-FL-25], Sen. Van Hollen, Chris [D-MD], Rep. Serrano, Jose E. [D-NY-15], Rep. Pascrell, Bill, Jr. [D-NJ-9], Rep. Jackson, Jesse L., Jr. [D-IL-2], Rep. DeGette, Diana [D-CO-1], Rep. Woolsey, Lynn C. [D-CA-6], Rep. Moore, Gwen [D-WI-4], Rep. Gutierrez, Luis V. [D-IL-4]

Subjects

Discovery layer

Source updated

14 August 2025

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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criminal code to make it unlawful for: (1) anyone whose federal license to import, manufacture, or deal in firearms has been revoked, or whose license renewal application has been denied, to transfer business inventory firearms into a personal collection or to an employee of such person or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. 13 July 2010

    Introduced

    Referred to the House Committee on the Judiciary.

    Source: IntroReferral

  2. 13 July 2010

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 13 July 2010

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 13 July 2010

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  • Introduced in House (PDF)

    Introduced in House · EN · 13 July 2010

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 13 July 2010

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Sponsors

Related records

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Sources

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