Summary: H.R.4872 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.4872. Bill summaries are authored by CRS.

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Introduced in House (10/28/2019)

Fire Sale Loophole Closing Act

This bill 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.