Title: Closing the Bump-Stock Loophole Act
Policy area: Taxation

Summary:
Closing the Bump-Stock Loophole Act
This bill amends the Internal Revenue Code to allow the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) to regulate a reciprocating stock, or any other device which is designed to accelerate substantially the rate of fire of a semiautomatic weapon (i.e., bump stocks) in the same manner as a machine gun.
Any person possessing such a device when this bill is enacted must register the device with the ATF within one year of the enactment of this bill, and the registration must be included in the National Firearms Registration and Transfer Record.
The bill defines a "semiautomatic weapon" as any repeating weapon that: (1) utilizes a portion of the energy of a firing cartridge to extract the fired cartridge case and chamber the next round, and (2) requires a separate function of the trigger to fire each cartridge.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4168 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 4168

To amend the Internal Revenue Code of 1986 to treat in the same manner 
as a machine gun any bump fire stock, or any other devices designed to 
  accelerate substantially the rate of fire of a semiautomatic weapon.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 31, 2017

  Mr. Fitzpatrick (for himself, Ms. Titus, Mr. Trott, and Mr. Kildee) 
 introduced the following bill; which was referred to the Committee on 
                             Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to treat in the same manner 
as a machine gun any bump fire stock, or any other devices designed to 
  accelerate substantially the rate of fire of a semiautomatic weapon.

    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 ``Closing the Bump-Stock Loophole 
Act''.

SEC. 2. BUMP FIRE STOCK AND OTHER DEVICES DESIGNED TO ACCELERATE RATE 
              OF FIRE OF SEMIAUTOMATIC WEAPON TREATED IN SAME MANNER AS 
              MACHINE GUN.

    (a) In General.--Section 5845(a) of the Internal Revenue Code of 
1986 is amended by striking ``and (8)'' and inserting the following: 
``(8) a reciprocating stock, or any other device which is designed to 
accelerate substantially the rate of fire of a semiautomatic weapon; 
and (9)''.
    (b) Semiautomatic Weapon.--Section 5845 of such Code is amended by 
adding at the end the following new subsection:
    ``(n) Semiautomatic Weapon.--The term `semiautomatic weapon' means 
any repeating weapon that--
            ``(1) utilizes a portion of the energy of a firing 
        cartridge to extract the fired cartridge case and chamber the 
        next round, and
            ``(2) requires a separate function of the trigger to fire 
        each cartridge.''.
    (c) Effective Date.--
            (1) In general.--The amendments made by this section shall 
        take effect on the date of the enactment of this Act.
            (2) Application to possession on date of enactment.--
        Notwithstanding paragraph (1), any person on the date of the 
        enactment of this Act possessing a device described in section 
        5845(a)(8) of the Internal Revenue Code of 1986 (as amended by 
        this Act) shall, not later than the date that is 1 year after 
        the date of the enactment of this Act, register such device 
        with the Secretary of the Treasury and include with such 
        registration the information required under section 5841(a) of 
        such Code. Such registration shall become a part of the 
        National Firearms Registration and Transfer Record required to 
        be maintained by such section.
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