I 

114TH CONGRESS 

1ST SESSION H. R. 2916 

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firearms has been revoked, whose application to renew such a license 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. 

IN THE HOUSE OF REPRESENTATIVES 

JUNE 25, 2015 

Mr. CICILLINE (for himself, Mr. MICHAEL F. DOYLE of Pennsylvania, Mr. 

HIMES, Ms. MOORE, Mr. MEEKS, Mr. VAN HOLLEN, Mr. KEATING, Mr. 

ELLISON, Ms. TSONGAS, Mr. CARTWRIGHT, Mr. LIPINSKI, Ms. CLARK of 

Massachusetts, Mr. FARR, Ms. SCHAKOWSKY, Mr. ISRAEL, Mrs. NAPOLITANO, Ms. DELAURO, Ms. DEGETTE, Mr. LANGEVIN, Ms. SLAUGHTER, 

Mr. POCAN, Ms. CASTOR of Florida, Ms. PINGREE, Ms. LOFGREN, Ms. 

FUDGE, Ms. WILSON of Florida, Mrs. CAPPS, Mr. GRIJALVA, Mr. NADLER, Mr. PASCRELL, Mr. SWALWELL of California, Ms. MENG, Ms. ESTY, 

Ms. MCCOLLUM, and Mr. BLUMENAUER) 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 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. 


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1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Fire Sale Loophole 

5 Closing Act’’. 

6 SEC. 2. RESTRICTIONS ON THE ABILITY OF A PERSON 

7 WHOSE FEDERAL LICENSE TO IMPORT, MAN8 UFACTURE, OR DEAL IN FIREARMS HAS BEEN 

9 REVOKED, WHOSE APPLICATION TO RENEW 

10 SUCH A LICENSE HAS BEEN DENIED, OR WHO 

11 HAS RECEIVED A LICENSE REVOCATION OR 

12 RENEWAL DENIAL NOTICE, TO TRANSFER 

13 BUSINESS INVENTORY FIREARMS. 

14 (a) RESTRICTIONS.—Section 922 of title 18, United 

15 States Code, is amended by adding at the end the fol16 lowing: 

17 ‘‘(aa)(1)(A) It shall be unlawful for a person who has 

18 been notified by the Attorney General that the Attorney 

19 General has made a determination to revoke a license 

20 issued to the person under this chapter to import, manu21 facture, or deal in firearms, or to deny an application of 

22 the person to renew such a license, to— 

23 ‘‘(i) transfer a business inventory firearm of the 

24 person— 


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1 ‘‘(I) into a personal collection of the per2 son; or 

3 ‘‘(II) to an employee of the person, or to 

4 an individual described in section 923(d)(1)(B) 

5 with respect to the person; or 

6 ‘‘(ii) receive a firearm that was a business in7 ventory firearm of the person as of the date the per8 son received the notice. 

9 ‘‘(B) Subparagraph (A) shall not apply with respect 

10 to a license revocation or denial determination that is re11 scinded. 

12 ‘‘(2)(A) It shall be unlawful for a person, on or after 

13 the effective date of the revocation of a license issued to 

14 the person under this chapter to import, manufacture, or 

15 deal in firearms, or (in the case that the application of 

16 the person to renew such a license is denied) on or after 

17 the date the license expires, to— 

18 ‘‘(i) engage in conduct prohibited by paragraph 

19 (1); or 

20 ‘‘(ii) transfer to any other person (except a per21 son licensed under this chapter or a Federal, State, 

22 or local law enforcement agency) a firearm that was 

23 a business inventory firearm of the person as of the 

24 effective date or expiration date, as the case may be. 


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1 ‘‘(B) Subparagraph (A) shall not apply with respect 

2 to a license revocation or denial determination that is re3 versed.’’. 

4 (b) BUSINESS INVENTORY DEFINED.—Section 

5 921(a) of such title is amended by adding at the end the 

6 following: 

7 ‘‘(36) BUSINESS INVENTORY FIREARM.—The term 

8 ‘business inventory firearm’ means, with respect to a per9 son, a firearm required by law to be recorded in the acqui10 sition and disposition logs of any firearms business of the 

11 person.’’. 

12 (c) CONFORMING AMENDMENT.—Section 923(c) of 

13 such title is amended in the second sentence by inserting 

14 ‘‘section 922(aa) and to’’ after ‘‘subject only to’’. 

15 (d) PENALTIES.—Section 924(a) of such title is 

16 amended by adding at the end the following: 

17 ‘‘(8) Whoever knowingly violates section 922(aa) 

18 shall be fined under this title, imprisoned not more than 

19 1 year (or, if the violation was willful, 5 years), or both.’’. 

20 (e) REQUIREMENT THAT LICENSE REVOCATION OR

21 APPLICATION DENIAL NOTICE INCLUDE TEXT OF LAW

22 PROHIBITING DEALING IN FIREARMS WITHOUT A FED23 ERAL FIREARMS LICENSE AND RESTRICTING TRANSFER

24 OF FIREARMS AFTER RECEIPT OF OFFICIAL LICENSE

25 REVOCATION OR RENEWAL APPLICATION DENIAL NOVerDate Sep 11 2014 22:17 Jul 01, 2015 Jkt 049200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\H2916.IH H2916

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1 TICE.—Section 923(f)(1) of such title is amended in the 

2 last sentence by inserting ‘‘, and shall set forth the provi3 sions of Federal law and regulation which prohibit a per4 son not licensed under this chapter from engaging in the 

5 business of dealing in firearms or are relevant in deter6 mining whether a person is doing so, and the provisions 

7 of section 922(aa)’’ before the period. 

Æ 


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