Fire Sale Loophole Closing Act of 2025

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4222 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 4222 To amend chapter 44 of title 18, United States Code, to restrict the ability to transfer business inventory firearms, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES June 27, 2025 Ms. Dean of Pennsylvania introduced the following bill; which was referred to the Committee on the Judiciary _______________________________________________________________________ A BILL To amend chapter 44 of title 18, United States Code, to restrict the ability to transfer business inventory firearms, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Fire Sale Loophole Closing Act of 2025''. SEC. 2. SENSE OF THE CONGRESS. It is the sense of Congress that the Bureau of Alcohol, Tobacco, Firearms and Explosives has the authority to regulate how Federal firearms licensees discontinue their firearms businesses, and to clarify statutory requirements regarding firearms that remain in the possession of a former licensee (or a responsible person of the former licensee) at the time the license is terminated. SEC. 3. RESTRICTIONS ON THE ABILITY TO TRANSFER BUSINESS INVENTORY FIREARMS. (a) Restrictions.--Section 922 of title 18, United States Code, is amended by adding at the end the following: ``(aa) Restrictions on Ability To Transfer Business Inventory Firearms.-- ``(1) Transfer after notice of license revocation or denial of license renewal.-- ``(A) Offense.--It shall be unlawful for a person who has been notified by the Attorney General that the Attorney General has made a determination to revoke a license issued to the person under this chapter to import, manufacture, or deal in firearms, or to deny an application