US HB4872 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 9-0)
Status: Introduced on October 28 2019 - 25% progression, died in committee
Action: 2019-12-18 - 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]
Status: Introduced on October 28 2019 - 25% progression, died in committee
Action: 2019-12-18 - 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]
Summary
Imposes restrictions on the transfer of business inventory firearms by a firearms importer, manufacturer, or dealer whose license is revoked or denied. An individual who violates the restrictions is subject to criminal penalties—a fine, prison term of up to one year (or five years if the violation was willful), or both.
Title
Fire Sale Loophole Closing Act
Sponsors
| Rep. David Cicilline [D-RI] | Rep. Albio Sires [D-NJ] | Rep. Eric Swalwell [D-CA] | Rep. Eleanor Norton [D-DC] |
| Rep. Steve Cohen [D-TN] | Rep. Diana DeGette [D-CO] | Rep. Jerrold Nadler [D-NY] | Rep. Alcee Hastings [D-FL] |
| Rep. James McGovern [D-MA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-12-18 | House | Referred to the Subcommittee on Crime, Terrorism, and Homeland Security. |
| 2019-10-28 | House | Referred to the House Committee on the Judiciary. |
| 2019-10-28 | House | Introduced in House |
Subjects
Crime and law enforcement
Firearms and explosives
Licensing and registrations
Retail and wholesale trades
Firearms and explosives
Licensing and registrations
Retail and wholesale trades
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/4872/all-info |
| Text | https://www.congress.gov/116/bills/hr4872/BILLS-116hr4872ih.pdf |
