[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4222 Introduced in House (IH)]
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119th CONGRESS
1st Session
H. R. 4222
To amend chapter 44 of title 18, United States Code, to restrict the
ability to transfer business inventory firearms, and for other
purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
June 27, 2025
Ms. Dean of Pennsylvania introduced the following bill; which was
referred to the Committee on the Judiciary
_______________________________________________________________________
A BILL
To amend chapter 44 of title 18, United States Code, to restrict the
ability to transfer business inventory firearms, and for other
purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Fire Sale Loophole Closing Act of
2025''.
SEC. 2. SENSE OF THE CONGRESS.
It is the sense of Congress that the Bureau of Alcohol, Tobacco,
Firearms and Explosives has the authority to regulate how Federal
firearms licensees discontinue their firearms businesses, and to
clarify statutory requirements regarding firearms that remain in the
possession of a former licensee (or a responsible person of the former
licensee) at the time the license is terminated.
SEC. 3. RESTRICTIONS ON THE ABILITY TO TRANSFER BUSINESS INVENTORY
FIREARMS.
(a) Restrictions.--Section 922 of title 18, United States Code, is
amended by adding at the end the following:
``(aa) Restrictions on Ability To Transfer Business Inventory
Firearms.--
``(1) Transfer after notice of license revocation or denial
of license renewal.--
``(A) Offense.--It shall be unlawful for a person
who has been notified by the Attorney General that the
Attorney General has made a determination to revoke a
license issued to the person under this chapter to
import, manufacture, or deal in firearms, or to deny an
application of the person to renew such a license, to--
``(i) transfer a business inventory firearm
of the person--
``(I) into a personal collection of
the person; or
``(II) to an employee of the
person, or to an individual described
in section 923(d)(1)(B) with respect to
the person; or
``(ii) receive a firearm that was a
business inventory firearm of the person as of
the date the person received the notice.
``(B) Rescinded determinations.--Subparagraph (A)
shall not apply with respect to a license revocation or
denial determination that is rescinded.
``(2) Transfer after revocation or expiration of license.--
``(A) Offense.--It shall be unlawful for a person--
``(i) on or after the effective date of the
revocation of a license issued to the person
under this chapter to import, manufacture, or
deal in firearms, or (in the case that the
application of the person to renew such a
license is denied) on or after the date the
license expires, to--
``(I) engage in conduct prohibited
by paragraph (1); or
``(II) transfer to any other person
(except a person licensed under this
chapter or a Federal, State, or local
law enforcement agency) a firearm that
was a business inventory firearm of the
person as of the effective date or
expiration date, as the case may be; or
``(ii) after the 30-day period that begins
with the applicable date referred to in clause
(i), transfer to a person licensed under this
chapter a firearm that was a business inventory
firearm of the person as of the applicable
date.
``(B) Reversed determinations.--Subparagraph (A)
shall not apply with respect to a license revocation or
denial determination that is reversed.
``(3) Transfer of former business inventory firearm out of
personal collection.--It shall be unlawful for any person who
has transferred a business inventory firearm into a personal
collection of the person, to transfer the firearm within 1 year
after the transfer of the business inventory firearm.''.
(b) Business Inventory Firearm Defined.--Section 921(a) of such
title is amended by adding at the end the following:
``(38) The term `business inventory firearm' means, with respect to
a person, a firearm required by law to be recorded in the acquisition
and disposition logs of any firearms business of the person.''.
(c) Conforming Amendment.--Section 923(c) of such title is amended
in the second sentence by inserting ``section 922(aa) and to'' after
``subject only to''.
(d) Penalties.--Section 924(a) of such title is amended by adding
at the end the following:
``(9) Whoever knowingly violates section 922(aa) shall be fined
under this title, imprisoned not more than 1 year (or, if the violation
was willful, 5 years), or both.''.
(e) Requirement That License Revocation or Application Denial
Notice Include Text of Law Prohibiting Dealing in Firearms Without a
Federal Firearms License and Restricting Transfer of Business Inventory
Firearms.--Section 923(f)(1) of such title is amended by inserting
after the first sentence the following: ``A written notice described in
the preceding sentence shall set forth the provisions of Federal
statutes and regulations that prohibit a person not licensed under this
chapter from engaging in the business of dealing in firearms or that
are relevant in determining whether a person is doing so, and the
provisions of section 922(aa).''.
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