US Congress House Bill 263 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 34-0)
Status: Introduced on January 12 2011 - 25% progression, died in committee
Action: 2011-02-07 - Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
Pending: House Subcommittee on Crime, Terrorism, and Homeland Security Committee
Text: Latest bill text (Introduced) [PDF]

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code to make it unlawful for: (1) anyone whose federal license to import, manufacture, or deal in firearms has been revoked, or whose license renewal application has been denied, to transfer business inventory firearms into a personal collection or to an employee of such person or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

Fire Sale Loophole Closing Act

Rep. Gary Ackerman [D-NY]	Rep. Judy Chu [D-CA]	Rep. David Cicilline [D-RI]	Rep. Diana DeGette [D-CO]
Rep. Theodore Deutch [D-FL]	Rep. Michael Doyle [D-PA]	Rep. Donna Edwards [D-MD]	Rep. Sam Farr [D-CA]
Rep. Bob Filner [D-CA]	Rep. Raul Grijalva [D-AZ]	Rep. Luis Gutierrez [D-IL]	Rep. Jane Harman [D-CA]
Rep. Alcee Hastings [D-FL]	Rep. Jesse Jackson [D-IL]	Rep. William Keating [D-MA]	Rep. Zoe Lofgren [D-CA]
Rep. Carolyn Maloney [D-NY]	Sen. Edward Markey [D-MA]	Rep. Doris Matsui [D-CA]	Rep. Carolyn McCarthy [D-NY]
Rep. Gwen Moore [D-WI]	Rep. James Moran [D-VA]	Rep. Jerrold Nadler [D-NY]	Rep. Eleanor Norton [D-DC]
Rep. Lucille Roybal-Allard [D-CA]	Rep. Janice Schakowsky [D-IL]	Rep. Jose Serrano [D-NY]	Rep. Louise Slaughter [D-NY]
Rep. Fortney Stark [D-CA]	Rep. Niki Tsongas [D-MA]	Sen. Chris Van Hollen [D-MD]	Rep. Anthony Weiner [D-NY]
Rep. Frederica Wilson [D-FL]	Rep. Lynn Woolsey [D-CA]

Date	Chamber	Action
2011-02-07	House	Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
2011-01-12	House	Referred to the House Committee on the Judiciary.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/263/all-info
Text	https://www.congress.gov/112/bills/hr263/BILLS-112hr263ih.pdf