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Proposed Federal House Legislation HB4872

Legislation Overview

Title: Fire Sale Loophole Closing Act

Subject: Crime and law enforcement: Firearms and explosives: Licensing and registrations: Retail and wholesale trades

Description: Imposes restrictions on the transfer of business inventory firearms by a firearms importer, manufacturer, or dealer whose license is revoked or denied. An individual who violates the restrictions is subject to criminal penalties—a fine, prison term of up to one year (or five years if the violation was willful), or both.

Session: 116th Congress

Last Action: Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.

Last Action Date: December 18, 2019

Link: https://www.congress.gov/bill/116th-congress/house-bill/4872/all-info

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'.

9 sponsors: David Cicilline (D); Albio Sires (D); Eric Swalwell (D); Eleanor Norton (D); Steve Cohen (D); Diana DeGette (D); Jerrold Nadler (D); Alcee Hastings (D); James McGovern (D)

History

Chamber	Date	Action
House	Dec 18 2019	Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
House	Oct 28 2019	Introduced in House
House	Oct 28 2019	Referred to the House Committee on the Judiciary.

Texts

Type	Date	Federal Link	Text
Introduced	Nov 4 2019	federal bill text	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, and Homeland Security

Votes

There have not been any votes on this bill

Tag(s)