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H.R. 4342 · 115th Congress

Fire Sale Loophole Closing Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

13 cosponsors · 13 D

This bill restricts the transfer of business inventory firearms by a firearms importer, manufacturer, or dealer whose licensed is revoked or denied.

What it does: CRS summary · Introduced in House · Nov 9, 2017

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Fire Sale Loophole Closing Act

Latest action (Dec 13, 2017): Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.

Policy area: Crime and Law Enforcement · Origin: House · Introduced: Nov 9, 2017

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.