H.R. 4342 · 115th Congress
Fire Sale Loophole Closing Act
- Stage
- In committee
- Sponsor
- David Cicilline
- Introduced
- 2017-11-09
- Latest action
- 2017-12-13 · Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.
Summary
Fire Sale Loophole Closing Act
This bill restricts the transfer of business inventory firearms by a firearms importer, manufacturer, or dealer whose licensed is revoked or denied.
A violator is subject to criminal penalties—a fine, prison term of up to one year, or both.