I 
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 fire-
arms, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives 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 Alco-
hol, Tobacco, Firearms and Explosives has the authority 
to regulate how Federal firearms licensees discontinue 
their firearms businesses, and to clarify statutory require-
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ments 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 fol-
lowing: 
‘‘(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, manufac-
ture, or deal in firearms, or to deny an applica-
tion of the person to renew such a license, to— 
‘‘(i) transfer a business inventory fire-
arm of the person— 
‘‘(I) into a personal collection of 
the person; or 
‘‘(II) to an employee of the per-
son, or to an individual described in 
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section 923(d)(1)(B) with respect to 
the person; or 
‘‘(ii) receive a firearm that was a 
business inventory firearm of the person as 
of the date the person received the notice. 
‘‘(B) RESCINDED DETERMINATIONS.—Sub-
paragraph (A) shall not apply with respect to a 
license revocation or denial determination that 
is rescinded. 
‘‘(2) TRANSFER AFTER REVOCATION OR EXPI-
RATION OF LICENSE.— 
‘‘(A) OFFENSE.—It shall be unlawful for a 
person— 
‘‘(i) on or after the effective date of 
the revocation of a license issued to the 
person under this chapter to import, man-
ufacture, or deal in firearms, or (in the 
case that the application of the person to 
renew such a license is denied) on or after 
the date the license expires, to— 
‘‘(I) engage in conduct prohibited 
by paragraph (1); or 
‘‘(II) transfer to any other per-
son (except a person licensed under 
this chapter or a Federal, State, or 
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local law enforcement agency) a fire-
arm that was a business inventory 
firearm of the person as of the effec-
tive date or expiration date, as the 
case may be; or 
‘‘(ii) after the 30-day period that be-
gins with the applicable date referred to in 
clause (i), transfer to a person licensed 
under this chapter a firearm that was a 
business inventory firearm of the person as 
of the applicable date. 
‘‘(B) REVERSED DETERMINATIONS.—Sub-
paragraph (A) shall not apply with respect to a 
license revocation or denial determination that 
is reversed. 
‘‘(3) TRANSFER OF FORMER BUSINESS INVEN-
TORY FIREARM OUT OF PERSONAL COLLECTION.—It 
shall be unlawful for any person who has transferred 
a business inventory firearm into a personal collec-
tion of the person, to transfer the firearm within 1 
year after the transfer of the business inventory fire-
arm.’’. 
(b) BUSINESS INVENTORY FIREARM DEFINED.— 
Section 921(a) of such title is amended by adding at the 
end the following: 
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‘‘(38) The term ‘business inventory firearm’ means, 
with respect to a person, a firearm required by law to be 
recorded in the acquisition and disposition logs of any fire-
arms business of the person.’’. 
(c) CONFORMING AMENDMENT.—Section 923(c) of 
such title is amended in the second sentence by inserting 
‘‘section 922(aa) and to’’ after ‘‘subject only to’’. 
(d) PENALTIES.—Section 924(a) of such title is 
amended by adding at the end the following: 
‘‘(9) Whoever knowingly violates section 922(aa) 
shall be fined under this title, imprisoned not more than 
1 year (or, if the violation was willful, 5 years), or both.’’. 
(e) REQUIREMENT THAT LICENSE REVOCATION OR 
APPLICATION DENIAL NOTICE INCLUDE TEXT OF LAW 
PROHIBITING DEALING IN FIREARMS WITHOUT A FED-
ERAL FIREARMS LICENSE AND RESTRICTING TRANSFER 
OF BUSINESS INVENTORY FIREARMS.—Section 923(f)(1) 
of such title is amended by inserting after the first sen-
tence the following: ‘‘A written notice described in the pre-
ceding sentence shall set forth the provisions of Federal 
statutes and regulations that prohibit a person not li-
censed under this chapter from engaging in the business 
of dealing in firearms or that are relevant in determining 
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whether a person is doing so, and the provisions of section 
922(aa).’’. 
Æ 
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