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H.R.238: Fire Sale Loophole Closing Act

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about crime and law enforcement
You can read the bill
Sponsor Grace Meng, D-N.Y.
Total Cosponsors 0
Introduced Jan. 14, 2013
Latest Major Action Jan. 25, 2013
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

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code to make it unlawful for: (1) anyone whose federal license to import, manufacture, or deal in firearms has been revoked, or whose license renewal application has been denied, to transfer business inventory firearms into a personal collection or to an employee of such person or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

(Source: Congressional Research Service)

Bill Actions

Date Description
Jan. 25, 2013 Referred to the Subcommittee on Crime, Terrorism, Homeland Security, And Investigations.
Jan. 14, 2013 Referred to the House Committee on the Judiciary.