Bill · H.R. 4222· House(119-HR-4222)
Fire Sale Loophole Closing Act of 2025
- Introduced
- 6/27/2025
- Last activity
- 6/27/2025 — Referred to the House Committee on the Judiciary.
- Sponsored by
- Madeleine Dean
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The "Fire Sale Loophole Closing Act of 2025" aims to amend title 18 of the United States Code to restrict how business inventory firearms are transferred. The bill targets individuals who have been notified of a license revocation or a denied license renewal. It prohibits these individuals from moving business inventory into their personal collections or transferring them to employees. Additionally, it restricts transfers after a license has expired or been revoked, with specific exceptions for law enforcement or other licensed entities. The Act also includes penalties for those who knowingly violate these new restrictions.
Yes
Does this put more limits on buying or owning guns?+5
The bill implements stricter regulations on how firearms inventory is transferred following license revocation or expiration.
Does this give the federal government more power?+3
The bill expands federal oversight of firearm inventory transfers following license changes.
The opposite· 3 of 4
Would business owners be better off under this?-5
Firearms dealers face stricter inventory movement rules and new criminal penalties.
Does this protect the right to own guns?-4
The bill restricts the ability of firearm business owners to transfer their inventory into personal collections or to employees.
Does this make it easier to run a small business?-3
The bill imposes new restrictions and criminal penalties on firearm dealers facing license revocation or expiration.
Who it would affect, and how
Potential Positive Impacts for People
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Restricts illegal transfers during license disputes: Under Section 3(a)(1), it becomes unlawful for a person notified of a license revocation or renewal denial to transfer business inventory into their personal collection or to an employee. This creates a restriction on what can be done with inventory once a license is at risk.
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Regulates inventory after license loss: Section 3(a)(2) prohibits a person from transferring business inventory firearms to anyone other than a licensed person or a law enforcement agency after a license is revoked or expires.
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Prevents quick resale of moved inventory: Section 3(a)(3) makes it unlawful to transfer a firearm within one year after it has been moved from a business inventory into a personal collection.
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Establishes consequences for violations: Section 3(d) introduces fines and potential imprisonment of up to 1 year (or up to 5 years if the violation was willful) for those who knowingly violate these rules.
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Ensures clear communication of the law: Section 3(e) requires that written notices of license revocation or denial include the specific federal statutes and regulations that prohibit dealing in firearms without a license or restricting inventory transfers.
Potential Negative Impacts for People
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Criminal penalties for business owners: Under Section 3(d), individuals who knowingly violate these new regulations face fines and potential imprisonment for up to one year, or up to five years if the violation is deemed willful.
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Restrictions on inventory movement: Section 3(a)(2) limits the ability of a person to transfer business inventory firearms to anyone except licensed persons or law enforcement agencies once a license is revoked or expires, and limits transfers to licensed persons to a specific 30-day window.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners-5Good For Gun Owners-2
- Economy And Finance
- Improves Small Business Support-3
- Governance And Ideology
- Increases Federal Power+3
- Social Issues And Justice
- Improves Gun Control Measures+5Improves Second Amendment Protections-4
- 6/27/2025
- Referred to the House Committee on the Judiciary.
- Introduced in House