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Proposed Federal Firearm Legislation HB238

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Legislation Overview

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code to make it unlawful for: (1) anyone whose federal license to import, manufacture, or deal in firearms has been revoked, or whose license renewal application has been denied, to transfer business inventory firearms into a personal collection or to an employee of such person or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

Link: http://thomas.loc.gov/cgi-bin/bdquery/z?d113:HN00238:@@@L&summ2=m&

Sponsors

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)

History
Chamber Date Action
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.
Texts
Type Date Federal Link Text
Introduced Jan 16 2013 federal link bill text
Amendments
Title Description Date State Link Text Adopted
There are no amendments to this bill at this time
Committee

Chamber: H

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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