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Restrictions on Firearm Sales by Former Dealers

This act aims to prevent uncontrolled firearm sales by individuals whose gun dealing licenses have been revoked. It introduces new rules for transferring firearms from business inventory to personal collections or selling to employees, and restricts further sales of such firearms. This is intended to enhance public safety through better control over firearm circulation.
Key points
Prohibits transferring business inventory firearms to personal collections or selling to employees after a gun dealing license is revoked or expires.
Restricts the sale of firearms that were part of business inventory to anyone other than licensed dealers or law enforcement agencies.
Introduces financial penalties and imprisonment for violating new firearm transaction rules.
Requires notification of new regulations in license revocation or denial notices for firearms.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_6014
Sponsor: Rep. Dean, Madeleine [D-PA-4]
Process start date: 2023-10-25
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Fire Sale Loophole Closing Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6014.

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 2023-10-25.

What are the main provisions?

Key points include:

  • Prohibits transferring business inventory firearms to personal collections or selling to employees after a gun dealing license is revoked or expires.
  • Restricts the sale of firearms that were part of business inventory to anyone other than licensed dealers or law enforcement agencies.
  • Introduces financial penalties and imprisonment for violating new firearm transaction rules.
  • Requires notification of new regulations in license revocation or denial notices for firearms.
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. Dean, Madeleine [D-PA-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on the Judiciary.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

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Security Courts and Law