OFFICIAL LEGAL TITLE
Default Proceed Sale Transparency Act
FREQUENTLY ASKED QUESTIONS
What is the official ID of this bill?
The official print number for this legislation is 117_HR_8126.
Which chamber initiated this legislation?
This legislation was initiated in the House of Representatives.
When did the legislative process begin?
The process officially started on 2022-06-16.
What are the main provisions?
Key points include:
- Firearm dealers must report firearm transfers made before receiving a unique identification number from the background check system to the FBI within 24 hours.
- An online portal and telephone hotline will be created for reporting information, allowing the FBI to prioritize these background checks.
- The background check system will give priority to completing checks related to firearms transferred before the verification is finalized.
- The system may not destroy records of firearm transfers until the related criminal background check is completed.
- The Directors of the FBI and ATF will publish annual reports containing statistics on these transfers, including the number of firearms acquired by prohibited individuals and data on their recovery.
What is the specific legal status?
The current status is Expired.
Where can I read the full text of this legislation?
The full official text is available at:
View full text
Who is the primary sponsor?
The primary sponsor is Rep. Schneider, Bradley Scott [D-IL-10].
What is the latest detailed status?
The latest detailed status is: Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
Is this summary verified?
Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.
What is the impact of this bill?
We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.