H.R.4872 - Fire Sale Loophole Closing Act116th Congress (2019-2020)
|Sponsor:||Rep. Cicilline, David N. [D-RI-1] (Introduced 10/28/2019)|
|Committees:||House - Judiciary|
|Latest Action:||House - 12/18/2019 Referred to the Subcommittee on Crime, Terrorism, and Homeland Security. (All Actions)|
This bill has the status Introduced
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Summary: H.R.4872 — 116th Congress (2019-2020)All Information (Except Text)
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.