Title: Fire Sale Loophole Closing Act
Subject: Firearms and explosives: Licensing and registrations: Retail and wholesale trades: Crime and law enforcement
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criminal code to make it unlawful for: (1) anyone whose federal license to import, manufacture, or deal in firearms has been revoked, or whose license renewal application has been denied, to transfer business inventory firearms into a personal collection or to an employee of such person or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: Referred to the Subcommittee on Crime, Terrorism, Homeland Security, And Investigations.
Last Action Date: January 25, 2013
Companion Bill: HB238
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'.
69 sponsors: Cicilline, David N.; Bishop, Timothy H.; Blumenauer, Earl; Bonamici, Suzanne; Brady, Robert A.; Brownley, Julia; Capps, Lois; Capuano, Michael E.; Cartwright, Matt; Castor, Kathy; Chu, Judy; Clark, Katherine M.; Clay, Wm. Lacy; Cohen, Steve; DeGette, Diana; DeLauro, Rosa L.; Deutch, Theodore E.; Doyle, Michael F.; Edwards, Donna F.; Ellison, Keith; Esty, Elizabeth H.; Farr, Sam; Fudge, Marcia L.; Garamendi, John; Grijalva, Raul M.; Gutierrez, Luis V.; Hahn, Janice; Hastings, Alcee L.; Himes, James A.; Holt, Rush D.; Israel, Steve; Keating, William R.; Langevin, James R.; Larsen, Rick; Lee, Barbara; Lipinski, Daniel; Lofgren, Zoe; Lowenthal, Alan S.; Lynch, Stephen F.; Markey, Edward J.; Matsui, Doris O.; McCollum, Betty; McGovern, James P.; Meeks, Gregory W.; Moore, Gwen; Moran, James P.; Nadler, Jerrold; Napolitano, Grace F.; Norton, Eleanor Holmes; Pascrell, Bill, Jr.; Peters, Scott H.; Pocan, Mark; Price, David E.; Rangel, Charles B.; Roybal-Allard, Lucille; Sarbanes, John P.; Schakowsky, Janice D.; Schiff, Adam B.; Schwartz, Allyson Y.; Serrano, Jose E.; Shea-Porter, Carol; Slaughter, Louise McIntosh; Speier, Jackie; Tierney, John F.; Tsongas, Niki; Van Hollen, Chris; Vargas, Juan; Waxman, Henry A.; Wilson, Frederica S.;
Percentage of House Of Representatives sponsoring bill: 16% (69 of 435)
|House||Jan 25, 2013||Referred to the Subcommittee on Crime, Terrorism, Homeland Security, And Investigations.|
|House||Jan 3, 2013||Referred to the House Committee on the Judiciary.|
|Introduced||Jan 10 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
Comments On This Bill
We want you to speak your mind but please keep your comments 'family friendly'.