Title: Fire Sale Loophole Closing Act
Subject: Firearms and explosives: Licensing and registrations: Retail and wholesale trades: Crime and law enforcement: Foreign trade and international finance
Description: 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criminal code to make it unlawful for: (1) anyone whose federal license to import, manufacture, or deal in firearms has been revoked, or whose license renewal application has been denied, to transfer business inventory firearms into a personal collection or to an employee of such person or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).
Session: 114th Congress
Last Action: Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.
Last Action Date: July 9, 2015
Note: the first sponsor listed is normally the primary sponsor. If a sponsor's name is a hyperlink you can click on it to 'follow the money'.
50 sponsors: David Cicilline (D); Michael Doyle (D); James Himes (D); Gwen Moore (D); Gregory Meeks (D); Chris Van Hollen (D); William Keating (D); Keith Ellison (D); Niki Tsongas (D); Matthew Cartwright (D); Daniel Lipinski (D); Katherine Clark (D); Sam Farr (D); Janice Schakowsky (D); Steve Israel (D); Grace Napolitano (D); Rosa DeLauro (D); Diana DeGette (D); James Langevin (D); Louise Slaughter (D); Mark Pocan (D); Kathy Castor (D); Chellie Pingree (D); Zoe Lofgren (D); Marcia Fudge (D); Frederica Wilson (D); Lois Capps (D); Raul Grijalva (D); Jerrold Nadler (D); Bill Pascrell (D); Eric Swalwell (D); Grace Meng (D); Elizabeth Esty (D); Betty McCollum (D); Earl Blumenauer (D); Suzanne Bonamici (D); Judy Chu (D); Janice Hahn (D); Eliot Engel (D); James McGovern (D); Julia Brownley (D); Doris Matsui (D); John Sarbanes (D); Charles Rangel (D); Eleanor Norton (D); Tammy Duckworth (D); Carolyn Maloney (D); Brendan Boyle (D); Mark Takai (D); Juan Vargas (D);
Percentage of House Of Representatives sponsoring bill: 11% (50 of 435)
|House||Jul 9, 2015||Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.|
|House||Jun 25, 2015||Introduced in House|
|House||Jun 25, 2015||Referred to the House Committee on the Judiciary.|
|Introduced||Jul 1 2015||federal link||bill text|
|There are no amendments to this bill at this time|
There have not been any votes on this bill
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