Title: Fire Sale Loophole Closing Act
Subject: Crime and law enforcement: Firearms and explosives: Licensing and registrations: Retail and wholesale trades
Description: 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criminal code to make it unlawful for: (1) anyone whose federal license to import, manufacture, or deal in firearms has been revoked, or whose license renewal application has been denied, to transfer business inventory firearms into a personal collection or to an employee of such person or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.
Session: 113th Congress
Last Action: To House Subcommittee on Crime, Terrorism, Homeland Security, And Investigations Committee
Last Action Date: January 25, 2013
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'.
1 sponsors: Meng, Grace;
Percentage of House Of Representatives sponsoring bill: 0% (1 of 435)
|House||Jan 25, 2013||Referred to the Subcommittee on Crime, Terrorism, Homeland Security, And Investigations.|
|House||Jan 14, 2013||Referred to the House Committee on the Judiciary.|
|Introduced||Jan 16 2013||federal link||bill text|
|There are no amendments to this bill at this time|
Committee Name: Subcommittee on Crime, Terrorism, Homeland Security, And Investigations
Votes - Click on description to view vote roll call
There have not been any votes on this bill
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