Firearms Owners Against Crime
Institute for Legal, Legislative and Educational Action
Institute for Legal, Legislative and Educational Action
Creates a prohibition on the transfer of firearms from the inventory of a firearms dealer to their personal inventory should they lose their license to sell firearms. This prohibition is not dependent upon the legality of the individual to own firearms.
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criminal code to make it unlawful for: (1) anyone whose federal license to import, manufacture, or deal in firearms has been revoked, or whose license renewal application has been denied, to transfer business inventory firearms into a personal collection or to an employee of such person or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
Link: http://thomas.loc.gov/cgi-bin/bdquery/z?d113:HN00238:@@@L&summ2=m&
Companion Bill: HB93
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
| 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. |
| Type | Date | Federal Link | Text |
| Introduced | Jan 16 2013 | federal bill text | bill text |
| Title | Description | Date | State Link | Text | Adopted |
| There are no amendments to this bill at this time | |||||
Chamber: H
Committee Name: Subcommittee on Crime, Terrorism, Homeland Security, And Investigations
There have not been any votes on this bill