I 

118TH CONGRESS 

1ST SESSION H. R. 6014 

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 

OCTOBER 20, 2023 

Ms. DEAN of Pennsylvania (for herself, Ms. SCANLON, Mr. COHEN, Mr. 

SWALWELL, and Ms. NORTON) introduced the following bill 

OCTOBER 25, 2023 

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. 

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 of 2023’’. 

6 SEC. 2. SENSE OF THE CONGRESS. 

7 It is the sense of Congress that the Bureau of Alco8 hol, Tobacco, Firearms, and Explosives has the authority 


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1 to regulate how Federal firearms licensees discontinue 

2 their firearms businesses, and to clarify statutory require3 ments regarding firearms that remain in the possession 

4 of a former licensee (or a responsible person of the former 

5 licensee) at the time the license is terminated. 

6 SEC. 3. RESTRICTIONS ON THE ABILITY TO TRANSFER 

7 BUSINESS INVENTORY FIREARMS. 

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

9 States Code, is amended by adding at the end the fol10 lowing: 

11 ‘‘(aa) RESTRICTIONS ON ABILITY TO TRANSFER

12 BUSINESS INVENTORY FIREARMS.— 

13 ‘‘(1) TRANSFER AFTER NOTICE OF LICENSE

14 REVOCATION OR DENIAL OF LICENSE RENEWAL.— 

15 ‘‘(A) OFFENSE.—It shall be unlawful for a 

16 person who has been notified by the Attorney 

17 General that the Attorney General has made a 

18 determination to revoke a license issued to the 

19 person under this chapter to import, manufac20 ture, or deal in firearms, or to deny an applica21 tion of the person to renew such a license, to— 

22 ‘‘(i) transfer a business inventory fire23 arm of the person— 

24 ‘‘(I) into a personal collection of 

25 the person; or 


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1 ‘‘(II) to an employee of the per2 son, or to an individual described in 

3 section 923(d)(1)(B) with respect to 

4 the person; or 

5 ‘‘(ii) receive a firearm that was a 

6 business inventory firearm of the person as 

7 of the date the person received the notice. 

8 ‘‘(B) RESCINDED DETERMINATIONS.—Sub9 paragraph (A) shall not apply with respect to a 

10 license revocation or denial determination that 

11 is rescinded. 

12 ‘‘(2) TRANSFER AFTER REVOCATION OR EXPI13 RATION OF LICENSE.— 

14 ‘‘(A) OFFENSE.—It shall be unlawful for a 

15 person— 

16 ‘‘(i) on or after the effective date of 

17 the revocation of a license issued to the 

18 person under this chapter to import, man19 ufacture, or deal in firearms, or (in the 

20 case that the application of the person to 

21 renew such a license is denied) on or after 

22 the date the license expires, to— 

23 ‘‘(I) engage in conduct prohibited 

24 by paragraph (1); or 


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1 ‘‘(II) transfer to any other per2 son (except a person licensed under 

3 this chapter or a Federal, State, or 

4 local law enforcement agency) a fire5 arm that was a business inventory 

6 firearm of the person as of the effec7 tive date or expiration date, as the 

8 case may be; or 

9 ‘‘(ii) after the 30-day period that be10 gins with the applicable date referred to in 

11 clause (i), transfer to a person licensed 

12 under this chapter a firearm that was a 

13 business inventory firearm of the person as 

14 of the applicable date. 

15 ‘‘(B) REVERSED DETERMINATIONS.—Sub16 paragraph (A) shall not apply with respect to a 

17 license revocation or denial determination that 

18 is reversed. 

19 ‘‘(3) TRANSFER OF FORMER BUSINESS INVEN20 TORY FIREARM OUT OF PERSONAL COLLECTION.—It 

21 shall be unlawful for any person who has transferred 

22 a business inventory firearm into a personal collec23 tion of the person, to transfer the firearm within 1 

24 year after the transfer of the business inventory fire25 arm.’’. 


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1 (b) BUSINESS INVENTORY FIREARM DEFINED.— 

2 Section 921(a) of such title is amended by adding at the 

3 end the following: 

4 ‘‘(38) The term ‘business inventory firearm’ means, 

5 with respect to a person, a firearm required by law to be 

6 recorded in the acquisition and disposition logs of any fire7 arms business of the person.’’. 

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

9 such title is amended in the second sentence by inserting 

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

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

12 amended by adding at the end the following: 

13 ‘‘(9) Whoever knowingly violates section 922(aa) 

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

15 1 year (or, if the violation was willful, 5 years), or both.’’. 

16 (e) REQUIREMENT THAT LICENSE REVOCATION OR

17 APPLICATION DENIAL NOTICE INCLUDE TEXT OF LAW

18 PROHIBITING DEALING IN FIREARMS WITHOUT A FED19 ERAL FIREARMS LICENSE AND RESTRICTING TRANSFER

20 OF BUSINESS INVENTORY FIREARMS.—Section 923(f)(1) 

21 of such title is amended by inserting after the first sen22 tence the following: ‘‘A written notice described in the pre23 ceding sentence shall set forth the provisions of Federal 

24 statutes and regulations that prohibit a person not li25 censed under this chapter from engaging in the business 


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1 of dealing in firearms or that are relevant in determining 

2 whether a person is doing so, and the provisions of section 

3 922(aa).’’. 

Æ 


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