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IRS Ammunition Sale: Increasing Availability and Public Funds.

A new bill mandates the Internal Revenue Service (IRS) to sell all its stockpiled ammunition. This sale must occur within 90 days, with proceeds going to the national treasury after covering sales costs. This could impact ammunition availability for citizens and boost government revenue.
Key points
The IRS is required to sell all its ammunition within 90 days.
Proceeds from the sale will be deposited into the general fund of the Treasury, potentially increasing government revenue.
The bill may affect the ammunition market by increasing its availability to the public.
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Additional Information
Print number: 117_S_5036
Sponsor: Sen. Marshall, Roger [R-KS]
Process start date: 2022-09-29