HR 263 · 112th Congress 2011–2013, ended

Fire Sale Loophole Closing Act

Introduced Jan 12, 2011 Originated House Sponsor Gary L. Ackerman D-NY

Fact sheet Spreadsheet

Latest action · Feb 7, 2011 Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedJan 12, 2011
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Fire Sale Loophole Closing Act - Amends the federal criminal code to make it unlawful for: (1) anyone whose federal license to import, manufacture, or deal in firearms has been revoked, or whose license renewal application has been denied, to transfer business inventory firearms into a personal collection or to an employee of such person or to receive a firearm that was a business inventory firearm as of the date of a revocation or renewal denial notice; and (2) anyone who has received a license revocation or renewal denial notice to transfer to any other person a firearm that was a business inventory firearm. Imposes a fine and/or prison term of not more than one year (five years for willful violations) for violations of this Act.

Cosponsors 33

Members who signed on, in the order they did. Signatures ran from Jan 19, 2011 to Dec 19, 2012.

SeatCosponsorSigned on
D-FLAlcee L. HastingsJan 19, 2011
D-NYAnthony D. WeinerJan 19, 2011
D-CABob FilnerJan 19, 2011
D-NYCarolyn B. MaloneyJan 19, 2011
D-MDChris Van HollenJan 19, 2011
D-CODiana DeGetteJan 19, 2011
D-CADoris O. MatsuiJan 19, 2011
D-MAEdward J. MarkeyJan 19, 2011
D-DCEleanor Holmes NortonJan 19, 2011
D-CAFortney Pete StarkJan 19, 2011
D-WIGwen MooreJan 19, 2011
D-VAJames P. MoranJan 19, 2011
D-ILJanice D. SchakowskyJan 19, 2011
D-NYJerrold NadlerJan 19, 2011
D-ILJesse L. Jackson, Jr.Jan 19, 2011
D-NYJose E. SerranoJan 19, 2011
D-CAJudy ChuJan 19, 2011
D-NYLouise McIntosh SlaughterJan 19, 2011
D-ILLuis V. GutierrezJan 19, 2011
D-CASam FarrJan 19, 2011
D-CAZoe LofgrenJan 19, 2011
D-PAMichael F. DoyleJan 20, 2011
D-RIDavid N. CicillineJan 26, 2011
D-CAJane HarmanJan 26, 2011
D-AZRaúl M. GrijalvaJan 26, 2011
D-FLTheodore E. DeutchJan 26, 2011
D-CALynn C. WoolseyFeb 8, 2011
D-NYCarolyn McCarthyFeb 9, 2011
D-CALucille Roybal-AllardFeb 9, 2011
D-FLFrederica S. WilsonFeb 18, 2011
D-MANiki TsongasMar 10, 2011
D-MAWilliam R. KeatingAug 1, 2012
D-MDDonna F. EdwardsDec 19, 2012

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseJudiciary Committee
Referred Jan 12, 2011
Crime and Federal Government Surveillance Subcommittee
Referred Feb 7, 2011

Actions 3

Everything that happened, newest first.

  1. Feb 7, 2011Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
  2. Jan 12, 2011Introduced in House
  3. Jan 12, 2011Referred to the House Committee on the Judiciary.

In the Congressional Record 1

Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.

WhereIn the RecordMembersDate
ExtensionsDebate and remarks E1944Louise McIntosh Slaughter D-NYDec 17, 2012

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: Article I, Section 8, Clause 3; Article I, Section 8, Clause 1.

The sponsor’s statement, as printed in the page H202.

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To amend chapter 44 of title 18, United States Code, to restrict the ability of a person whose Federal license to import, manufacture, or deal in firearms has been revoked, whose application to renew such a license has been denied, or who has received a license revocation or renewal denial notice, to transfer business inventory firearms, and for other purposes.
Short Titles as Introduced
Fire Sale Loophole Closing Act

Subjects

Assigned by the Library of Congress. Policy area: Crime and Law Enforcement.

Text 1

Each version as it was printed, newest first.

  1. Jan 12, 2011Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.